Agreed.
I have a few points to make about "stupid" poor people taking out loans they couldn't afford:
1 When they defaulted they would have no way to pay it back so the money not paid back to the banker is lost.
2 The bankers should have known the above and taken it into account -- this is their fucking job.
3 "Financial Advisors" were selling mortgages based on what was known to be toxic debt over ten years ago -- I know because I was paid off on condition I didn't go public, and I know a lot more people were too.
4 This hasn't hurt the people in the US with NINJa loans -- it hurt everyone else.
So, yes, the overpaid tossbags that we call bankers fucked up royally and it seems their whole system was set up so they take no blame.
(Me, I'm not... in any way intoxicated, Thu 23 Dec 2010, 16:47, 1 reply)

^agreed^

(bROKEN aRROW PUA HVI Master, Thu 23 Dec 2010, 16:55, closed)