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Reply #14: You are right in as far as you go but [View All]

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POAS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-26-07 07:35 PM
Response to Reply #13
14. You are right in as far as you go but
the question here is not about whether an individual is responsible for getting into a bad loan but rather about an industry built on making shaky loans. No individual borrower is responsible for the decline of the lenders, That blame falls squarely on the shoulders of the underwriters of those loans.

After all a borrower makes a bad choice once, the lenders in this industry made bad choices over and over and over again.
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