Blame it on U.S.
A great editorial has been written on LoanWorkout, regarding the blame game within the latest mortgage implosion.
Here’s a snippet:
Well, my hat is off to you citizens of America, you have not disappointed me once again. Just about everyone that responds to the articles in the Newspapers and Media that report on this now widening foreclosure debacle, has in their infinite wisdom, deemed that the distressed borrower is to blame.
They were greedy, stupid, ignorant, sleazy, lazy, crooks, opportunists, trailer trash, white trash, illegals……
No you have not disappointed me your overall ignorance and ability to assign blame, business as usual, the blame game, wasn’t me, we are above that, we are better than they are, we got our slice of the pie and we are not going to pay for theirs.
WELL GET THIS STRAIGHT……YOU ARE NOT PAYING FOR THEIR SLICE OF THE PIE.
Well said. Government bailout plans are not going to do the average American any good as far as helping to payoff mortgage debts.
Rather, almost everything that has been done lately has had the focus of assisting lenders, and bad banks rather than those that truly need assistance.
I love this piece best from the above article:
“You are paying for the greedy, sleazy, ignorant, dare I say criminal opportunists that proliferated Wall Street that created the markets for these toxic loan products and the Major Lending Institutions that actually made these toxic loans to borrowers to be delivered to those markets.”
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