I agree.If I falsify documents and get in over my head it's not a banks fault. I'm a grown ass man. I know if I make 20k a year I can't afford 30k a year. Isn't anyone responsible for thier decisions?
Absolutely they should be held accountable for the bailouts but not for a HO lying about thier income. Even if the broker suggested it. The HO's weren't children, they were grown ass adults.I agree.
Whats your position on the bank bailout? In my view it stands to reason that the banks also made irresponsible decisions by loaning out sub-prime mortgages ... shouldn't they be on the hook as well and take responsibility for their actions rather than get a bailout?
Of course it gets much more complicated when you consider the government was "forcing" or encouraging the banks to make risky loans and promising them that they'd be taken care of (which they were) if things went south.
I think the bank/government relationship is a very bad thing for this country.