Friday, September 24, 2010

An Observation.

Four years ago, our TV was bombarded by ads for Jumbo home loans, teaser-rate home loans, no-interest home loans, etc. Now we see many ads for companies that will help you "walk away from your mortgage, scott-free". God, what hath we wrought?


Jeff Schaeffer said...

What we did was to allow a bunch of crooks to scam a bunch of people. They made billions. Then when it fell apart they were bailed out by taxpayers, again making billions. Now they are bottom feeding and sucking the last dregs out of the people they scammed. That is what we wrought.

RollCast said...

Made possible by artificially depressed interest rates, courtesy of Uncle Sam.