"Because in America, it's far more shameful to owe money than it is to steal it."

[Klukie]

From Matt Taibbi RS article Courts Helping Banks Screw Over Homeowners

http://www.rollingstone.com/politics/news/17390/232611?RS_show_page=7


Great read...as usual

[Blue_Tires]

1. great, great quote

[Octafish]

2. K&R

Taibbi is tops!

[TheWatcher]

3. That's not really true.

Since there is no Rule Of Law Left, it is perfectly legal, loving, and trendy for the Banksters and TPTB to loot, rob, and steal at will.

Why should they feel shame?

They rule, and no one is going to stop them.

Too much good stuff on TV.

[StandingInLeftField]

4. I totally agree with the title.

I'm thinking of taking up a life of crime.

[BlueJac]

5. Good on Matt.....

to bad Obama will not read this article.

[laughingliberal]

6. Ain't that the truth! nt

[jtrockville]

7. Oh horsefeathers. Everyone OWES money.

It's far more shameful to have only a little, or to have just enough, than it is to steal for the sake of excess.

[Blue State Blues]

8. More:

"At worst, these ordinary homeowners were stupid or uninformed — while the banks that lent them the money are guilty of committing a baldfaced crime on a grand scale. These banks robbed investors and conned homeowners, blew themselves up chasing the fraud, then begged the taxpayers to bail them out. And bail them out we did: We ponied up billions to help Wells Fargo buy Wachovia, paid Bank of America to buy Merrill Lynch, and watched as the Fed opened up special facilities to buy up the assets in defective mortgage trusts at inflated prices. And after all that effort by the state to buy back these phony assets so the thieves could all stay in business and keep their bonuses, what did the banks do? They put their foot on the foreclosure gas pedal and stepped up the effort to kick people out of their homes as fast as possible, before the world caught on to how these loans were made in the first place."