People will look back and ask how they could have been so stupid. I just hope responsible taxpayers aren’t burdened with giving the stupid people more money they won’t be able to pay back.
I don’t disagree, but just notice how the media is manipulating you already to focus on the buyers; while you are distracted they will bail out the banks and lenders with your moolah and leave the FBers high and dry. That’s the 3-card-monty play. The same thing happened with the new bankruptcy law a couple of years back. Everyone talked about irresponsible borrowers while in the background citibank (who was already enormously profitable) got handed that piece of legislation that will allow them to be even more profitable and do even more shady predatory lending to even more vulnerable people. It is true that the borrowers are irresponsible but these usurers need to be brought to heel or this will just repeat again and again. We are witnessing the looting of our country.
