Quote:
Originally Posted by ViRedd
The loan companies that made fraudulent loans should be held liable for fraud and thier executives and loan officers procecuted and placed in jail. The borrowers who lied on their applications, providing the lenders were federally charted, should be placed into handcuffs by the FBI and prosecuted for defrauding a federally charted savings and loan. Any Realtor or real estate agent who abetted the fraudulent borrowers or lenders should be prosecuted as well. Let the chips fall where they may ... let the lenders eat the foreclosed properties, let the homeowners suffer the consequences, just like they would have if they lost on the crap tables in Vegas and keep the federal government out of the equation.
Vi
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it's the loan companies shitty tatics that are at the culprits of a scam. but its the homeowners fault for getting scammed, for not reading thoroughly. the federal government must be involved because it is their money being loaned. but predatory loan practices must be dealt a lot harsher penalties then the homeowners. they are gonna have fucked up credit for 10 years. in this day and age, that is enough penalty.