[Husker8877]

I hold the lenders, the fannie mae/freddie macs and the geniuses on Wall Street responsible for the size of this crisis (greed gone wild).

But mostly, on a visceral and up-close and personal level, I hold the scum-bag mortgage brokers in every community in America responsible for shoveling this sh*t uphill.

Bunch of former used-car salesmen who realized that rather than making a couple hundred bucks scamming some dumbass in the dealership, they could use exactly the same lies, deceit, fraud and greed and make $15M or more a pop—with absolutely NO recourse or responsibility.

And these mortgage broker creeps are still wearing their $2500 suits, living in nice homes, driving their 700 series BMW sedans, working out at the local singles-scene health club... still living off the money they stole from people stupid enough to be taken in by the carnival barking and scamming. And just as often, there were endless borrowers just as dishonest as the mortgage brokers. Trying to get in on the gravy train. Hate ‘em.

You can imagine from this post that I have ZERO sympathy for the borrowers, the mortgage brokers, the banks that took the loans, the quasi-federal agencies that bought the loans, the Harvard MBA’s on the street that packaged the garbage for sale, and the moron investors who bought and sold this sh*t.

They all deserve to lose every cent they earned, every asset they bought with their ill-gotten gains, and their freedom as well.

[AmericanInTokyo]

No major presidential candidate has the guts nor balls to tell it like it is, to tell it like you have told it, Husker9977. Yes, there is a lot of anger out there. People wont call a spade a spade, though, the higher you get up the ladder into rarified, politically correct air.

[PGalt]

Great post.

[BatGuano]

I'll just have to go to my garage and take the sledgehammer to my 740i. Not all mortgage brokers are crooked and certainly not in “every community in America”. I am not in the industry, but do feel that the dream of everyone owning their own home fueled the loaning of money to people not qualified to borrow or inclined to pay it back. This mess now becomes our mess. The evil “They” will not have to give back their suits, cars, etc. Don't Hate, it will eat you up in the end. If you think that this is bad, look around and try to find a better place to rest.

[Sender]

They do all deserve to lose everything they scammed people out of. I too have zero sympathy for anyone in the mortgage scamming industry. It was a big con for a few years, lots of people got rich, lots of people got to rent a big house rent-free for a year or so. There are few innocents in this equation. Most of those “hardest-hit” had zero down, so at worst they lose some rental digs. The brokers who promised jumbo loans for $500 “month after month” are the ex-used car salesmen, and they are now crying that their gravy train has been sabotaged. Too freaking bad. Get a job.