Wednesday, June 02, 2010

Of course, its all the fault of the bankers!

These sweet people who willingly signed refinancing deals when the times were good could never be blamed. There are so many things wrong about this story, I don't know where to begin. Its tales of such stupidity that really get my goat. When borrowers bend rules to get out of paying their fair due, its all good. No one likes Shylock, very understandable but please then don't stand around in wonder when the lending dries up.

1 comment:

Wafa said...

Yeah, I feel sorry for them & all but they did sign a contract, & however evil the bank may be it did hold up its end of the contract, which was to provide the funds needed to buy the house.

A lot of banks took advantage of a lot of people's financial ignorance, but perhaps restructuring the debt is a better solution to that.