Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (287775)	10/29/2010 5:07:41 PM
From: Valuepro	Read Replies (5) \| Respond to of 306849

"it is a crime to give someone a loan that they can't pay back." 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? Can't people be responsible for their own actions? In this last real estate cycle, all players threw caution out the window thinking rising prices would continuously bail them out of their mistakes - lenders and borrowers alike. There may have been some borrowers who were too stupid or ignorant to know what they were doing, but I doubt it was the majority who now find themselves underwater. Ever heard of "liar loans"? You can't be an unknowing liar.

To: tejek who wrote (287775)	10/30/2010 1:27:59 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

i think the FBI knows all about mortgage fraud. FBI warns of mortgage fraud 'epidemic' articles.cnn.com fraud in the inducement - "here's a loan, sucker, you can pay it back..." but we won't tell you about buying 4 CDS saying you won't be able to pay it back... homeowner loses home and was tricked into debt servitude while the bankers get 4x the loan loss in insurance and get the home, too. >>I didn't know that was a crime<< stop sucking up to the criminals and educate yourself. are you a politician?