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No, just let them be sued and lose everything. Jail costs the taxpayers money and those fat cats will be put in club fed anyway. Let them try and struggle for a living like the rest of us do.
Would you also put all the people who falsified a mortgage application, obtained credit they can't afford and spent more than they earn ?
There is enough blame to go around and anyone who has lived off ever increasing credit is to blame. This party had to end and it has. Everyone who attended has a hangover and can only blame themselves.
The fact that the banks did a poor job of risk management is 1/2 of the equation. Anyone who took a loan based on fraudulent information is the other 1/2.
#Exactly .It was alos in a politcal climate where the democrats wanted veryone to get credit and the republicans want the markets to continue rising. Then of course many home buyers consider the value on paper as income too often which it was just paper until they actaully sold the property.Many did and made alot of moenhy but alot went down with the values.
Right, let's throw everyone in jail so they can cost us taxpayers more money! Please start with those consumers who signed on the dotted line for interest-only loans, unreasonable ARMs, and houses that were way too expensive for them to ever have a hope of paying for.
There is plenty of blame to go around but the bottom line is that these guys made credit available to people who they shouldn't have. Do you dangle a carrot in front of a jacka$$ and expect it not to try and eat it?
I'd still like to kick every one of those dingbats who grabbed onto a line of credit they knew darn well they couldn't afford.
Ultimately, those lenders are responsible for the mess we're all in. While the majority of Americans have lost a small fortune in their retirement accounts and taken a beating in their portfolios, these guys have their multi-million dollar golden parachutes to live on. Everyone of them were irresponsible and negligent. Not only should they be jailed, their ill-gained wealth should be used to support their incarceration and the rest go towards paying back the government bailouts.
Right, let's throw everyone in jail so they can cost us taxpayers more money! Please start with those consumers who signed on the dotted line for interest-only loans, unreasonable ARMs, and houses that were way too expensive for them to ever have a hope of paying for.
Hi SuSuSushi,
Another one of those who thinks that man who put the monkey in charge is not at fault and we should jail the monkey. Why not go into the insane asylums and tell them to sigh here. Do you really want or even remotely suspect the bottom layer of society to keep the public trust and not inflate the money supply? A pilot calls in sick and and you go after the monkey he put in to fly the plane? Here Johny here is a 20mm cannon you can play with, be sure to put about 3 feet of cold rolled angled steel behind the cinder blocks.
There is plenty of blame to go around but the bottom line is that these guys made credit available to people who they shouldn't have. Do you dangle a carrot in front of a jacka$$ and expect it not to try and eat it?
Except people in general are not so stupid. What about the millions who had a chance at easy credit, but said "no thanks, too risky."
Why should responsible people be expected to bail out the greedy consumers who took a huge risk and got caught? Sorry, but if you took the loan, you should be responsible for it. If you can't pay your mortgage, you lose your house. Very simple.
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