Equity Home Loans

Is it mind set or brain lock?

Something is missing. All those officious, pontificating Republicans who blame the mortgage crises on the bad judgment of the lesser species who did not take personal responsibility for their choices of financing their homes but never mention the bad judgment of the banks who made the loans. Stock holders of Citi Bank have seen their investment dive down into the toilet...and yet not a word about the lack of responsibility of the bankers who lost the billions of dollars of their stock holder's money? I appreciate that all bankers are upstanding good republicans, but are they above criticism, being fine, old white money and thus clearly superior beings? While Citi's stockholders were left with empty pockets, the CEO departed with tens of millions as a parting gift. .

Public Comments

1. Sad, it is mind set. Have a good night
2. The blame is shared: borrowers who should have known better, brokers and lenders who threw prudent credit and income verifications out the window, investment banks who packaged these loans into "investment grade" debt instruments, aided by Standard & Poors et al. No one is innocent.