[quote=drboom][quote=Oxford]
I just don’t feel good about nice people who made a poor financial decision getting such a life altering beat down.
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If there hadn’t been so much greed behind those “poor financial decision[s]”, I might agree with you. Greed isn’t especially nice, however, so I don’t feel too bad for most of them.
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I hear ya but don’t feel it was ALL about greed regardless of the knee-jerk use of that term in these situations. Some folks just lost their jobs. Some felt an ARM was a good idea thinking they could refinance. The prevailing wind was saying house prices would rise.
Many made, what they felt where, good decisions based on advice from bankers and what everyone else was doing. In many cases it was more about lack of knowledge. Sure, there was alot of greed and bad judgment but many people were well meaning and just didn’t know what they didn’t know.
