Is it any wonder these heartless Mortgage Companies went bankrupt?

Taking all those peoples homes? Homes and property are just assets.


With monetary value, but they aren't money in the bank. And when those people didn't send thier payments any more. Enough said.Is it any wonder these heartless Mortgage Companies went bankrupt?
That's BULL ! those people jumped on the chance for ';no money down'; loans that they couldn't afford to pay back %26amp; chose not to read the fine print or consult lawyers ! IGNORANCE is no excuse for breaking the Law (their contracts) I saw it all before when the Banks ';red lined'; certain districts in the sixties %26amp; destroyed whole neighborhoods so they (%26amp; the realtors) could make a quick buck !! Ultimately, it's the BUYERS fault !Is it any wonder these heartless Mortgage Companies went bankrupt?
the wonder is that they (the mortgage companies) loaned ridiculous amounts of money at totally unrealistic interest rates to people who obviously could not afford it. All those foolish people had no business trying to purchase something they could never afford. But that seems to be the culture now, like a baby wanting a toy, they don't consider the ramifications of their actions down the road, they just know what they want now and they grab it given the chance. Fiscal responsibility is sadly lacking through out our culture.
You know I sat around and watched people get new houses, cars, all kinds of toys and you name it all while I sat in my modest house with my old car thinking WTF am I doing wrong? Now we know..f*ck'em for not doing right, may they learn to rent and pay out the @ss.