KCET Video: Foreclosure Alley

[blahblahblah]

No matter how tragic they try to make these stories sound, I still can’t bring myself to be empathetic. When these people were buying these homes, the smallest amount of research on their part would have made them think twice.

People have always tried to borrow more money than they can afford to. It is the BANKER’S JOB TO SAY NO. What happened here is that bankers stopped saying no and instead pawned the loans off on the next sucker down the line.

You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.

[Ren]

[quote=CONCHO]You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.[/quote]

No argument here. That’s all I’m doing – blaming the stupid people for their own predicament – not for the state of the market or the economy.

[Ren]

[quote=CONCHO]You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.[/quote]

No argument here. That’s all I’m doing – blaming the stupid people for their own predicament – not for the state of the market or the economy.

[Ren]

[quote=CONCHO]You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.[/quote]

No argument here. That’s all I’m doing – blaming the stupid people for their own predicament – not for the state of the market or the economy.

[Ren]

[quote=CONCHO]You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.[/quote]

No argument here. That’s all I’m doing – blaming the stupid people for their own predicament – not for the state of the market or the economy.

[Ren]

[quote=CONCHO]You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.[/quote]

No argument here. That’s all I’m doing – blaming the stupid people for their own predicament – not for the state of the market or the economy.

[seattle-relo]

I’m confused as to why people aren’t trying to sell some of these items like the big tv or computer equipment. I can understand not cleaning the place up, but leaving all your things behind – that just doesn’t make sense to me. All that means is they are going to have to spend more money to replace it all.

I actually did feel sad when they were talking about children’s toys being left behind. Children are having to pay the emotional price of stupid decisions adults have made. Sad.

[seattle-relo]

I’m confused as to why people aren’t trying to sell some of these items like the big tv or computer equipment. I can understand not cleaning the place up, but leaving all your things behind – that just doesn’t make sense to me. All that means is they are going to have to spend more money to replace it all.

I actually did feel sad when they were talking about children’s toys being left behind. Children are having to pay the emotional price of stupid decisions adults have made. Sad.

[seattle-relo]

I’m confused as to why people aren’t trying to sell some of these items like the big tv or computer equipment. I can understand not cleaning the place up, but leaving all your things behind – that just doesn’t make sense to me. All that means is they are going to have to spend more money to replace it all.

I actually did feel sad when they were talking about children’s toys being left behind. Children are having to pay the emotional price of stupid decisions adults have made. Sad.

[seattle-relo]

I’m confused as to why people aren’t trying to sell some of these items like the big tv or computer equipment. I can understand not cleaning the place up, but leaving all your things behind – that just doesn’t make sense to me. All that means is they are going to have to spend more money to replace it all.

I actually did feel sad when they were talking about children’s toys being left behind. Children are having to pay the emotional price of stupid decisions adults have made. Sad.

[seattle-relo]

I’m confused as to why people aren’t trying to sell some of these items like the big tv or computer equipment. I can understand not cleaning the place up, but leaving all your things behind – that just doesn’t make sense to me. All that means is they are going to have to spend more money to replace it all.

I actually did feel sad when they were talking about children’s toys being left behind. Children are having to pay the emotional price of stupid decisions adults have made. Sad.

[bsrsharma]

Tent cities have sprung up outside Los Angeles as people lose their homes in the mortgage crisis.

[bsrsharma]

Tent cities have sprung up outside Los Angeles as people lose their homes in the mortgage crisis.

[bsrsharma]

Tent cities have sprung up outside Los Angeles as people lose their homes in the mortgage crisis.

[bsrsharma]

Tent cities have sprung up outside Los Angeles as people lose their homes in the mortgage crisis.

[Author]

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