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<blockquote data-quote="hoss" data-source="post: 3601539" data-attributes="member: 549860">i agree that there were tons of people who should have known better, but the lenders should have known better too...&nbsp; there really isnt anyone group of people you can point blame at in this situation (well, you can at the lenders for sucker punching hundreds of thousands of peole, but at the same time you have to point back at the hundreds of thousands of people for not stopping to think)but more so, the lenders were flat out lying and decieving to the point where often times people were so mislead they didnt know what was going on.&nbsp; for instance, piggy backing ARM papers on top of fixed rate loan papers, and then discarding the fixed rate papers to lock the people into an adjustable rate mortgage that they didnt want...something needed to be done, i dont know if this is the right answer.&nbsp; i think the lenders should be the one bailing people out, after all, they were the ones who were trying to make it rich in this scheme, and now its come back to bite them just as hard...&nbsp; why not make it hurt even more.</blockquote>

[QUOTE="hoss, post: 3601539, member: 549860"] i agree that there were tons of people who should have known better, but the lenders should have known better too... there really isnt anyone group of people you can point blame at in this situation (well, you can at the lenders for sucker punching hundreds of thousands of peole, but at the same time you have to point back at the hundreds of thousands of people for not stopping to think) but more so, the lenders were flat out lying and decieving to the point where often times people were so mislead they didnt know what was going on. for instance, piggy backing ARM papers on top of fixed rate loan papers, and then discarding the fixed rate papers to lock the people into an adjustable rate mortgage that they didnt want... something needed to be done, i dont know if this is the right answer. i think the lenders should be the one bailing people out, after all, they were the ones who were trying to make it rich in this scheme, and now its come back to bite them just as hard... why not make it hurt even more. [/QUOTE]

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