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Another aspect of the mortgage crisis. by Peace_man2008-07-29 09:47:29
  The laws changed recently by subbywan2008-07-29 09:51:05
    That makes sense. by Peace_man2008-07-29 09:54:32
      Yes, both should be penalized. by Illiad 2008-07-29 10:02:35
If you're lender and you offered a "no document loan" you deserve to lose your shirt.

If you're a borrower, and you signed a contract that you bloody well knew (or even just suspected) you couldn't fulfill, you also deserve to lose your shirt.

No bailouts for anyone guilty of the above. You sink, right to the bottom. Now that you're living out of a cardboard box, maybe you won't be so greedy in the future.

[ Reply ]
        Customer told me this on the phone after by Classic_Jon2008-07-29 10:12:17
          that attitude urinates me off by subbywan2008-07-29 10:14:00
            In the bill payment industry, you have no idea how by Classic_Jon2008-07-29 10:42:01
        The borrowers are penalized. by Peace_man2008-07-29 10:16:12
          Maybe 60/40? by Illiad2008-07-29 10:21:04
            Well - I could agree to that. by Peace_man2008-07-29 10:32:04
              Not "no return," no. by Illiad2008-07-29 10:48:42
                I will say, though, that I give him props for by merlin2008-07-29 10:52:15
                  A slight adjustment to 3) by Illiad2008-07-29 10:54:49
                    That's one way of reading it. by merlin2008-07-29 10:56:59
                In other words by MatthewDBA2008-07-29 10:52:56
                  In the subtext... by Illiad2008-07-29 10:55:46
                  Or, "Man, I was hoping this would be a sugar daddy by merlin2008-07-29 10:56:16
                I'd forgive him. He doesn't have enough by Peace_man2008-07-29 11:15:22
          Correction: they lose *a* home. by esbita2008-07-29 10:50:31

 

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