Quote:
Originally Posted by Matt 26z
What an idiotic thing to say. Banks did not force loans upon buyers.
Just because a bank approved you for an $X loan doesn't mean you had to take the full amount. It's on YOU to figure out how much you can really afford.
To borrow your analogy, it's like a woman having sex with a guy and regretting it the next day so she cries rape. That's what borrowers are doing.
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He lumped everyone who lost out into the group who borrowed too heavily.
There have been many many people who have lost pretty much everything who did nothing wrong. They lost their jobs and from there lost everything else. The people who defaulted on loans are just the tip of the iceberg.
I stand by the analogy, you don't blame all the victims because some of them appear to have brought it onto themselves.
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