Quote:
Originally Posted by Rochard
But we did let the idiots making Starbucks wages buy $500k houses. We encouraged it. Because it drove the value of everyone's houses up. And when they defaulted, the bank turned around and sold the house again for even more money - more win for us!
They banks did line their pockets with gold. But everyone did. People sold their houses for a huge profit, and others cashed in by taking money out of their houses.
We are all guilty.
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Who the hell is we? Idiots have been applying for loans they couldn't get forever, it was corruption that gave them those loans.
Look, If you decide to loan a crackhead $5000 it is you taking that risk. This on the other hand is like you loaning the crackhead $5000, selling the risk to those in charge of your grandmas retirement fund by lying to them about what they are buying then getting bailed out by the government after you wreck the economy.
Nobody is arguing that these people shouldn't have had the loans, there were and are laws to protect them from being taken advantage of. The banks broke the law and evaporated 20% of our overall net worth, brought the economy to it's knees and are laughing in your face because they are making more money now than ever before in your lifetime and you want to blame homeowners? Jesus man, look around. They are doing the same with college loans and we are still not out of the housing crisis yet. NO GROUP BUT THE TOP 1% have gained in income through this mess, everyone else has lost. There are a damn lot of hardworking people in the middle class that you are saying deserve what they get. No, they do not and the corrupt corporations that did this should have to face the consequences the same as you or I would.
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