Replies

I sincerely doubt anyone who had any brains and credit lost anything.

If only that were true...

Unfortunately, some very, very smart people lost big-time because greed blinded them (Long Term Capital Management, as a recent example)...just as it has many times before...and a lot of innocents will suffer as well.

Unfortunately, some very, very smart people lost big-time because greed blinded them...Wrong. Congress told these investors they HAD to make the playing field level, or they would come after them. CONGRESS wanted people who could never afford a mortgage to get one. People got them, with no principal payment, interest only, etc. etc. and when it went belly up, 3% of mortgage holders got shafted. Now Congress wants investigations, bail outs, etc. Just more redistribution of the wealth. A company such as you mentioned,is only "collateral damage". Same as credit cards. You couldn't get a credit card if you didn't have a solid background. Now, they give credit to illegal aliens with no hope of EVER paying it back. Why? Congress gets the votes from the illegals and we redistribute OUR wealth.