it's an allegedly free market and when you speculate, you can lose (yep, investors are speculating) I don't feel a shred of guilt making money when things go to shit.. in fact my best run was in 08/early 09 after lehman blew up. Everyone has a choice, if you don't want the risk, DON'T FUCKING TAKE IT. You on the other hand, like many others, seem to think that you don't have to pay for your mistakes, that somehow you are entitled to profit. Honestly, I don't give a fuck about the people who couldn't retire early, house is under water etc, they made mistakes and they should have to deal with it.
I realize you're referring to money renters here, but to be fair, let's remember that for every predatory loan made there is also an irresponsible borrower!
Yeah you're right ricter. It was just the greed of the lenders that got them in that mess, had nothing to do with their own greed (borrowers). berry pickers should be living in a 300k house lol.
I don't think so. I think Japan has a few years before a crisis erupts. In reality it is probably much less.
Mitigation is the same as manipulation. If the Fed artificially holds down interest rates and does not let the normal buy/sell market mechanisms properly rate risk, then that is manipulation. If it makes you feel better, call it mitigation. But no one in the market is fooled into believing it isn't (apart from you).
apparently that's what the berry pickers thought as well. Both sides fucked up, and they alone need to deal with the consequences, no one else. Let's also not forget the fair lending act bullshit.. just another case of the govt sticking its nose where it doesn't belong and turning things upside down.