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(22,308 posts)but there are STILL people who are *positive* that were it not for the greedy poor borrowing money nothing would have happened...
There's some weird bias where they can't admit or see that the rich are preying on THEM as well, and they're willing to throw the 'poor' under the bus while continuing to be the rich's bitch.
The Wizard
(12,545 posts)GoCubsGo
(32,086 posts)"Barney Frank forced banks to loan money to people for houses they couldn't afford." It's the pat excuse for the whole economic mess. Funny, I don't recall him holding a gun to even a single banker's head and forcing them to do anything.
The Wizard
(12,545 posts)that wasn't allowed into committee meetings. That's real power.
Dustlawyer
(10,495 posts)in addition to their limited education. They displace the anger at us instead of the institutions that are using them. These are the people's airwaves! We should be able to bust up these media monopolies, and could if we had representative government. We must fight for COMPLETE CAMPAIGN FINANCE REFORM (CCFR)!!!
Little Star
(17,055 posts)George II
(67,782 posts)Scuba
(53,475 posts)brewens
(13,600 posts)It's amazing how many people believe that and it does no good trying to explain what really happened. Especially when it wasn't the poor people that really benefited or got screwed all that bad. For some of them anyway, it amounted to being allowed to rent a nice house they had no business being in for as long as it lasted.
It's all the middle class people that lost homes or value that really got burned. They could have made it without the collapse and now many of them refuse to even listen to people that want to go after the real criminals.
My buddies daughter got ran out of a Countrywide office for turning down a loan. This guy claimed to be a landscape contractor and actually had his lawn mower in his truck. The dude was just mowing lawns for a living and was trying to buy a $200,000 dollar home. The girl turned him down and got called in to the bosses office. She didn't have "the Countrywide spirit". They actually told her that! She says the home wasn't anything special but it was in California. That guy was just trying to get into some kind of reasonable house. You couldn't blame him really. Their advertising was designed to suck guys like that in. She knew he'd never be able to make the payments down the road.
She moved back home and got a much better job anyway.
Response to Scuba (Original post)
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