Quote:
Originally Posted by Ephirith
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but all the people who went bankrupt...
...They made poor financial decisions,
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If this is what you're taking issue with than you're right to do so. I didn't mean to be so sloppy applying the "all the people" to the rest of the post. Not everybody who lost their homes grossly mismanaged their money.
My point was, everybody who lost their home
did assume risk when they entered into the mortgage. Financial irresponsibility is so prevalent in the US that I think it played into the majority of situations, but not all.
How do you think it makes somebody feel who, after years of working hard, saving money, making smart investments, and forgoing luxury, puts a massive sum of money down on a house or, speak of the devil, actually buys the house-- only to watch hordes of people scream and cry because they were "swindled by those bankers".
When somebody hands you $150,000, or $150,00 in property, and expects you to pay it back plus interest......... you have to pay it back plus interest. I don't see how we systematically, as a society, ignored the fact that this stuff is HUGELY FUCKING RISKY.