Quote:
Originally Posted by Dick Cheney
You're joking right? You do realize that while the poor are being foreclosed upon the rich are taking their money out of the stock market causing it to drop, and buying up all of the land across the country. Donald Trump is doing cartwheels while the lower class gets taxed beyond its means. Oh yes, I feel horrible for the rich.  |
I doubt there was anyone forcing those "poor" people to buy homes, that they couldn't afford. I have taken out many mortgages in my 55 years. Buyers have to sign an agreement called a full disclosure statement regarding the terms of their mortgage, long before the loan closes. They then have 3 days to reject the terms of the mortgage & back out.
This is the fault of greedy mortgage brokers, & ignorant homebuyers that went for an adjustable rate mortgage, in order to get more house than they could afford. It's the bank, the homeowners, the underwriters fault, & I don't feel sorry for any of them.
I sure don't want to pay for any of their bad financial decisions.