Bannon?

[Pio1980]

Originally Posted by ZeroJunk

So, you are saying he was too stupid to understand what he was signing.

So, you are blaming the victim for being swindled as a real estate amateur by an expert out to make a killing off a sale.

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[donquixote99]

Originally Posted by ZeroJunk

You and facts are a comical combination.

If the borrowers had simply paid what they committed to pay there would have never been a collapse.

And, that is a fact.

Guys came up with a way to make money off of junk paper, and created demand for it, which fly-by-night loan retailers supplied. And you blame the marks.

Is there any conceivable sharp financial practice you would not defend?

[nailer]

Originally Posted by donquixote99

Guys came up with a way to make money off of junk paper, and created demand for it, which fly-by-night loan retailers supplied. And you blame the marks.

Is there any conceivable sharp financial practice you would not defend?

Was it illegal?

[Pio1980]

Originally Posted by nailer

Was it illegal?

Isn't the 'golden rule' the point?
Being "legal" doesn't make it ethical.

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[Pio1980]

There is a legal response to these forclosures via a demand to produce the original signed contract to prove authority to carry and enforce the loan.
In many cases, the original contract didn't follow the contract resales and was lost.

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[nailer]

Originally Posted by Pio1980

Isn't the 'golden rule' the point?
Being "legal" doesn't make it ethical.

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The Golden Rule has a fatal flaw.

[Noogies]

Originally Posted by nailer

The Golden Rule has a fatal flaw.

Yes, it depends on people.

[nailer]

Originally Posted by Noogies

Yes, it depends on people.

There's that too.

[ZeroJunk]

Originally Posted by donquixote99

Guys came up with a way to make money off of junk paper, and created demand for it, which fly-by-night loan retailers supplied. And you blame the marks.

Is there any conceivable sharp financial practice you would not defend?

I haven't ever borrowed money that I did not study the agreement.

There was nothing complicated about these mortgage loans, you are just trying to make it that way to suit your beliefs.

The first mortgage loan I ever took had a balloon payment required at the end of the term where you could roll it over, pay it off, or walk away.

The loans with the low initial payments were designed for young people who thought they would advance in their careers and defer the larger payments until later.


The PEOPLE gamed the thing.

They bought houses hoping to flip them for a higher price, bought houses that they knew they would never pay for but could live in for a while until the payment went up.

Or, maybe they were just stupid and typical Democrat voters.

[Pio1980]

Originally Posted by ZeroJunk

I haven't ever borrowed money that I did not study the agreement.

There was nothing complicated about these mortgage loans, you are just trying to make it that way to suit your beliefs.

The first mortgage loan I ever took had a balloon payment required at the end of the term where you could roll it over, pay it off, or walk away.

The loans with the low initial payments were designed for young people who thought they would advance in their careers and defer the larger payments until later.


The PEOPLE gamed the thing.

They bought houses hoping to flip them for a higher price, bought houses that they knew they would never pay for but could live in for a while until the payment went up.

Or, maybe they were just stupid and typical Democrat voters.

We get it, you're really smart. And humble, no arrogance here.
Too smart to be taken in by a self-serving real estate bullshit artist.

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