Comments on: Mortgage Crisis: Fault the Borrower http://www.bobgriggs.com/mortgage-crisis-fault-the-borrower/ Because It Must Be Said. Mon, 06 Feb 2012 15:27:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BobG http://www.bobgriggs.com/mortgage-crisis-fault-the-borrower/comment-page-1/#comment-2008 BobG Sun, 15 Jun 2008 05:47:33 +0000 http://www.bobgriggs.com/?p=175#comment-2008 Rick, a mortgage is a contracted agreement; all terms and conditions are "on the table." Why do you so quickly criticize the lender and give the borrower a pass when they had every opportunity to read and understand what they were getting into? At what point in your world is a man responsible for his own deeds? Rick, a mortgage is a contracted agreement; all terms and conditions are “on the table.” Why do you so quickly criticize the lender and give the borrower a pass when they had every opportunity to read and understand what they were getting into? At what point in your world is a man responsible for his own deeds?

]]> By: Rick Cain http://www.bobgriggs.com/mortgage-crisis-fault-the-borrower/comment-page-1/#comment-2007 Rick Cain Fri, 13 Jun 2008 17:20:44 +0000 http://www.bobgriggs.com/?p=175#comment-2007 That's just silly. We all know that the entities that offered the mortgages had jettisoned all common sense when handing them out because they were greedy and believed the gravy train would keep on rolling. Predatory lending is a cornerstone of American finance, whether it is credit cards, mortgages, short term loans, auto loans, 2nd mortgages, rent-to-own schemes and so on. The government has had laws on the books, and even agencies dedicated to keeping things in check but this administration decided to be completely hands off and let the markets spiral out of control. Yes blame the poor person for it all, thats believable. That’s just silly. We all know that the entities that offered the mortgages had jettisoned all common sense when handing them out because they were greedy and believed the gravy train would keep on rolling.
Predatory lending is a cornerstone of American finance, whether it is credit cards, mortgages, short term loans, auto loans, 2nd mortgages, rent-to-own schemes and so on.

The government has had laws on the books, and even agencies dedicated to keeping things in check but this administration decided to be completely hands off and let the markets spiral out of control.

Yes blame the poor person for it all, thats believable.

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