Look jackass, I asked you the same questions over and over again and you evaded answering them because you had no answers and then you lied and said you did when you had not. No wonder you don't get the concept of personal responsibility. Good luck loser.
no need to lose your head take a moment to relax, anxiety gets in the way of clear thinking just so you don't have to go back and review i said the lair was worse if i didn't make it clear i'm sorry and gun makers aren't liable so could you please answer mine without the insults is personal responsibility exclusive to home owners and not institutions the co. that made the loan that knew it was bad, but they had no responsibility because they "transferred" risk. i'm i hearing you correctly what about people who bought houses with no risk because they didn't have any net worth aren't they just as smart as the bank for having no risk and only reward the argument that they didn't obligating there contract is a fine one. then they should default and go bk I've said this enough you should know were i stand But to say one group was smart and transferred risk and the other was dumb because they no risk and only reward boggles me
First don't insult me and then whine when you get it back. Second, you still haven't answered my question about contracts: If two parties (a bank and a consumer) enter into a legally binding contract and the consumer defaults, who is more at fault? Finally, please boil your questions down to one or two and rephrase them clearly. I have no idea what you mean by things like: "the argument that they didn't obligating there contract is a fine one."
F this lady, whoever sold her that 200k house for 800k should be on the hook and not us 401k investors.
the lady in the video isn't all that truthful when she said Obama must stop foreclosures. She's just doing it b/c her equity has gone negative. most people who foreclose do it by choice, and not because they are unable to pay the mortgage.
lets keep it simple question #1 who is worse the loan liar or verifier my answer liar question #2 should a gun maker be liable for killing with gun my answer is no question 3# who's more at fault the lender or borrower my ansewer the borrower is responsible for his own loan and should go bk( he is at fault for making his own problems) the bank and institutions are at fault for their own problems and since they can use seemingly endless leverage and created easily 10 times the money in cds i would have to say the banks are more at fault for the whole mess. Now my questions since theirs at least 40 trillion worth of cds and only 7 trillion of mortgages (that's total sub prime represents only 10% of the 7T) Are cds creating or protecting risk? Why is the person that takes a mortgage knowing his chance of default are high but doesn't have any net worth so he doesn't care Any worse then the originator who sells and also knows of high chance of default but has nothing to lose either? who owns more fault borrowers 1 trillion in bad loans or bankers that created 40 trillion of cds off of 1 trillion of bad mortgages?