[jblum315]

Originally Posted by ilovetv

Oh. And why is it not "GREED" on the part of the home BUYER, who covets a home he cannot afford and is priced $200,000 more than he really should be buying....does not have a down payment for....or has unsteady income, unstable job in a community whose city government is going bankrupt???????

I've met several couples in the last few years who said they were absolutely shocked at the mortgage amounts the lenders "qualified" them for......and they were mature and disciplined enough to say "No....we cannot afford that...we'll get one for $200,000 LESS than the 'qualified' amount".

Of course the lenders and investors were greedy. But so were the short-sighted, greedy, or ignorant home BUYERS who signed the mortgage papers without a gun to their head!

This shifting of personal responsibility onto the boogymen in banks and Wall St. is feeding a society of enablers and parasites. BOTH sides of the deals are responsible!