[quote=FlyerInHi]CAr, the borrowers were not victims.
They abided by the terms of their loans when they stopped making payments and the banks foreclosed on the collateral. Simple resolution to a business contract between 2 private parties.[/quote]
That’s like saying that when I refuse to pay you money that I owe you under a contract and you take me to court it’s a “simple resolution to a business contract.” Foreclosure is a legal remedy for breach of contract – it was not the goal of the contract.
