[quote=scaredycat]is it immoral to play by the rules? it feels wrong, but is it wrong? why?[/quote]
Maybe ‘morality’ wasn’t the right term. However, with FHA you have a two-party transaction (homebuyer and lender) in which the loss is borne by a third party (taxpayer). In such a transaction, it’s in the buyer’s and lender’s interest to structure the transaction in such a way that the silent third-party (taxpayer) is stuck with as much risk as possible.
So that’s what’s happening, and that’s why gold is going up and the dollar is collapsing.
