Stupid poor people getting mortgages they couldn't afford!

Voting? However more stupid people breeding + smart people opting to have 1 or less children = screwed up system as well. Catch 22.
 
Not when papers are falsified without an individuals knowledge, or having information left out.

No it's like going to Best Buy and taking home a 52" plasma, getting home, and finding out it's a 36" LCD in a 52" box.
 
The problem with voting is there are two parties in which the lobbyists are investing in. They both suck ass but they have the money to campaign.

I do agree, we are our own worst enemies.
 
Another 7C thread headed down the toilet.

We get it. Banks are bad. People are stupid and sign things without care when shiny objects they want are flashed at them. Only government can solve this problem. Government had no hand in any of this either.
 
are we not making the "congress ordered them to" argument any more?

that one was my favorite two plus years ago when i was posting about this stuff
 
Then how who banks meet their vice-present quota? Damn it man, think of the children
 
"Congress ordered them to" was never quite accurate, at least for the majority of cases, but Congress did enable and give them every incentive to write as many subprime loans as they could manage. It's called moral hazard. Read about it.
 
you're such a retard. if you go into a bank and they tell you the only loan they will offer you is a 2-year arm with a 2-year pre-payment penalty that balloons in 1 year and is a neg-am loan, you politely...no, not even politely, you tell them to fuck off and you go somewhere else. the best part is that the consumer has the CHOICE to work with a lender they feel comfortable with, and if they don't think they're getting a good deal, they can walk away. just like a consumer has the choice to shop around for thousanRAB of other products and services in their lifetime.
 
The problem with voting is that too many people who shouldn't be voting are. We shame people into voting and think of it as a virtue. But why would we want anyone who doesn't have a clue or even care about the issues to be voting? Frankly, I would rather have less people voting, by those who follow politics and issues of the day, then more people voting just to vote.
 
And who do we trust to determine those who should be able to vote? Republicans will want those who are working for a living to vote whereas the Dems will want those suckling at the Gov tit to vote.
 
Thats nice. Show us the full text of each state law which provides zero exemptions. In Texas pure mortgage company officers have to be certified but not bank-employed ones, I know this because I work at a bank in REO and my father is a reverse mortgage loan officer at an actual mortgage company.

I will grant that the laws are changing because of this whole subprime mess, but your pic means nothing because they write exemptions into laws all the time.
 
Find example of fraud in lending != all 'predatory' lending is illegal.

The majority of people got into trouble with their mortgages because they made stupid decisions.
 
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