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by Professor StacieJ on September 30th, 2008

Professor StacieJ

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Do you blame uneducated people who bought homes they could not afford or the lenders who advised them to take out loans they could not afford?

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  • by Occams Electric Razor on August 16th, 2009

    Occams Electric Razor

    I feel unfortunately that both parties are to blame.

    If people are that unaware of or irresponsible with financial responsibilities like leins, loans, mortgages or the purchases of big ticket items..well they probably shouldn't go and get themselves a 6 figure monkey on their back.

    But who can deny that banks made it easy, enticing and who can deny the majority of the "American Dream" is owning a home/land. Banks knew what they were doing by targeting lower income brackets and high risk borrowers.

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