and calling them idiot sticks is be, well, extremely nice. I was beeee-octhing about this new move in the lending / housing sector in 2004.
You were right to do so IMO.
What kind of dumb did anyone have to be not to see this coming? It is chilling to watch the lending concerns extend this type of credit options, then get bailed out by the federal government.
Why was this legal? Our whole economic system is chocking on the bad dept, and nobody is taking responsibility except in the end, the taxpayer. And I mean, in the end!