Well unless you are going to pass laws protecting people who borrow too much because they are ignorant from foreclosure then yes they too have to accept the responsibility for their actions. If you really look deep it was not the vast bulk of the mortgage companies that went after the sub prime market. It was just a few. And those were ones like Freddie Mac/Fannie Mae. And guess what, Freddie Mac/Fannie Mae are OWNED BY THE US GOVERNMENT! Instituted by the liberals with the specific idea of allowing poor people the opportunity to buy homes. And there was a big push clear up to the POTUS to prosecute if they could. And even external_link's justice department couldn't get enough evidence of wrong doing. Sure IMO they were morally wrong but according to the laws and regulations? We don't allow prosecutions based on morals. You actually have to break a law. Just because some reported claims a law has been broken doesn't mean it has been. Should some people have gone to jail over this? Yea but in my opinion you would have needed to start with the politicians who created the monster.
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
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