The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Valuepro who wrote (287784)	10/29/2010 5:30:50 PM
From: ggersh	Read Replies (5) of 306849

No, it's crime to borrow money you can't pay back. Does a lender have to have any more social obligation than the grocer who sells steak to someone who should be buying meat loaf? Terrible analogy IMO. If I go to a bank and ask for a $1,000,000 who's duty is it to do due diligence? It was the banks that both gave and named the loans, "liar loans"! Sorry if you take this the wrong way, but if I'm the one loaning money out I would be damn sure the party I'm loaning money to has the ability and the collateral to pay back that loan!

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