[snowman_returns]

If he loses his house it will be because he deserves to lose it. Yet he persists in trying to deflect blame on to others who didn't warn him enough to save him from himself. Bah.

Sorry to burst in here on a US story but this kind of situation is now very familiar here in the UK, i.e mortgages can now run for 35 years up from 25, we've always called this living beyond your means. Whatever happened to personal responsibility???

This whole personal debt issue is now looking pretty scary to me, both here and the US, the bubble will burst sooner or later. Are people really dumb enough to believe they can live on credit for the rest of their lives??

Or is there something I'm missing??

[redgolum]

Are people really dumb enough to believe they can live on credit for the rest of their lives??

One look at the US Congress should answer that question. Yes people are that dumb.