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SoCalDem
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Thu Nov-03-11 03:57 PM Original message |
The crime is not really the foreclosure procedure |
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JuniperLea
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Thu Nov-03-11 04:05 PM Response to Original message |
1. Predatory lending is a crime... |
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PassingFair
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Thu Nov-03-11 04:06 PM Response to Original message |
2. For people whose credit was already trashed, this was a win/win decision. |
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dkf
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Thu Nov-03-11 04:09 PM Response to Original message |
3. But the bank should have forgiven the loan and given them the house free and clear |
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alcibiades_mystery
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Thu Nov-03-11 04:16 PM Response to Reply #3 |
4. We can hardly call people who lend out to anybody "bankers" |
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FarCenter
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Thu Nov-03-11 04:28 PM Response to Reply #4 |
7. In southern CA, a mortgage of this sort was most likely not from a bank |
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alcibiades_mystery
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Thu Nov-03-11 05:23 PM Response to Reply #7 |
13. That's certainly true |
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CJCRANE
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Thu Nov-03-11 04:16 PM Response to Reply #3 |
5. One of the problems is that the taxpayers paid the bill instead |
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Norrin Radd
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Thu Nov-03-11 04:31 PM Response to Reply #5 |
8. +1 |
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Pigheaded
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Thu Nov-03-11 07:04 PM Response to Reply #5 |
20. This is THE TRUTH |
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SoCalDem
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Thu Nov-03-11 05:49 PM Response to Reply #3 |
15. That was hardly my point |
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dkf
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Thu Nov-03-11 06:24 PM Response to Reply #15 |
18. I'm being sarcastic. |
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alcibiades_mystery
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Thu Nov-03-11 08:07 PM Response to Reply #18 |
22. There's no doubt people overbought |
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Johonny
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Thu Nov-03-11 06:44 PM Response to Reply #15 |
19. I agree |
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dtexdem
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Thu Nov-03-11 04:20 PM Response to Original message |
6. No, there are also plenty of crimes in the foreclosure procedure. |
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louis-t
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Thu Nov-03-11 04:56 PM Response to Original message |
9. I see, now it's the Realtors' fault. |
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county worker
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Thu Nov-03-11 05:04 PM Response to Original message |
10. I have thought about this for a long time. I came to a conclusion. |
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onethatcares
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Thu Nov-03-11 05:15 PM Response to Reply #10 |
11. I thought about this for a long time to and came to another conclusion |
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dkf
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Thu Nov-03-11 05:22 PM Response to Reply #11 |
12. Doesn't seem anyone lost their job. It was the reset that did the trick. |
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county worker
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Thu Nov-03-11 05:30 PM Response to Reply #11 |
14. They could not have gamed the system without the misdeeds of the |
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SoCalDem
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Thu Nov-03-11 05:54 PM Response to Reply #14 |
16. Yep.. as the cascade started, realtors were desperate to get commissions as fast as they could |
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onethatcares
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Thu Nov-03-11 06:07 PM Response to Reply #11 |
17. oh yeah, I agree with all that |
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Pigheaded
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Thu Nov-03-11 07:11 PM Response to Reply #10 |
21. Bunk |
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Texasgal
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Thu Nov-03-11 08:28 PM Response to Reply #21 |
23. Oh bullshit. |
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