Comments on: What does the sub prime melt down mean and who gets the blame http://cutthatbill.com/what-does-the-sub-prime-melt-down-mean-and-who-gets-the-blame Your Inside Source to Saving, Making and Investing Money - By a Millionaire Next Door Fri, 10 Sep 2010 23:53:55 +0000 http://wordpress.org/?v=2.3.2 By: Cost Cutter http://cutthatbill.com/what-does-the-sub-prime-melt-down-mean-and-who-gets-the-blame#comment-144 Cost Cutter Wed, 23 Jan 2008 03:03:28 +0000 http://cutthatbill.com/what-does-the-sub-prime-melt-down-mean-and-who-gets-the-blame#comment-144 Do you even realize that if a person asks for a mortgage and a lender has ANY loan they qualify for that the lender is REQUIRED by FEDERAL law to tell the person about the loan? Sure the lenders get some blame as I said but if you take a loan you can't pay that is your fault not the person that loaned it to you. To say, "People don’t take loans out on their HOMES unless they think they won’t become HOMELESS" is true but pointless. I could just respond with, "lenders never loan money if they expect the person borrowing the money to stop paying". You clearly see anyone who takes on a role higher up the food chain then employee as "the enemy". Well gee wiz ace can you tell me just who is going to hire people with no companies, owners or corporations. The down fall of America is on businesses, the government and the consumer, everyone gets some blame. At least everyone that is spending money they don't have to spend. The government is the biggest problem though because they steal the money from companies AND individuals any time they want more, they then still spend far more money then they have. You Mr. LOL speak like a half educated and half informed individual that has been fooled by one side of the class warfare machine. Do you even realize that if a person asks for a mortgage and a lender has ANY loan they qualify for that the lender is REQUIRED by FEDERAL law to tell the person about the loan? Sure the lenders get some blame as I said but if you take a loan you can’t pay that is your fault not the person that loaned it to you.

To say, “People don’t take loans out on their HOMES unless they think they won’t become HOMELESS” is true but pointless.

I could just respond with, “lenders never loan money if they expect the person borrowing the money to stop paying”.

You clearly see anyone who takes on a role higher up the food chain then employee as “the enemy”. Well gee wiz ace can you tell me just who is going to hire people with no companies, owners or corporations.

The down fall of America is on businesses, the government and the consumer, everyone gets some blame. At least everyone that is spending money they don’t have to spend. The government is the biggest problem though because they steal the money from companies AND individuals any time they want more, they then still spend far more money then they have.

You Mr. LOL speak like a half educated and half informed individual that has been fooled by one side of the class warfare machine.

]]> By: LOL http://cutthatbill.com/what-does-the-sub-prime-melt-down-mean-and-who-gets-the-blame#comment-114 LOL Tue, 22 Jan 2008 01:24:50 +0000 http://cutthatbill.com/what-does-the-sub-prime-melt-down-mean-and-who-gets-the-blame#comment-114 People don't take loans out on their HOMES unless they think they won't become HOMELESS. No matter how you rationalize this, the blame stays with the financiers- 100%. Either they lied about the impact of their predatory lending schemes or they made the loans seem attractive in which they obviously never were. Also the majority of the lost homes belong to a demographic which is not educated well enough to understand that these businesses will take their money and don't care about their customers future. It's the downfall of america at the hands of the rich. If we still have internet access in 40 years, come back and shame yourself by reading your post. People don’t take loans out on their HOMES unless they think they won’t become HOMELESS.

No matter how you rationalize this, the blame stays with the financiers- 100%.

Either they lied about the impact of their predatory lending schemes or they made the loans seem attractive in which they obviously never were.

Also the majority of the lost homes belong to a demographic which is not educated well enough to understand that these businesses will take their money and don’t care about their customers future.

It’s the downfall of america at the hands of the rich. If we still have internet access in 40 years, come back and shame yourself by reading your post.

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