It is theft and corruption. Call it by any other name, and it is still theft and corruption.
No its called a procedural had to recovery. (Also, karma)
Many think they’re getting even with the ‘Banksters’. But two wrongs are still two wrongs. How can a society recover from such corrupt practices?
Yes it is. There is nothing these people ever did or will do to earn what they stole. In the end we all pay for their “good fortune”......
Theft by the banks or the people the banks failed to prove their case against?
Agreed.
Not making mortgage payments as part of a contract simply because the home lost value and not returning the property to the lienholder is theft.
My home lost value, yet I kept making my payments, as any honest person would do.
We’re all paying/gonna pay for this...
There is a moral requirement on lenders to not make loans they know cannot be repaid. The banking system abandoned this and now has to pay some price... To try to portray this as some how one sided is silly.
If someone knows you make $1000 a month and makes you a loan witha $600 a month payment they are acting immorally.
The idea that the loan taker is the only one with questionable morales in the housing bubble situation is nonsense
Why? Everybody is happy! The voter got a free house and the bank got bailed out. It’s like consensual sodomy!