ST Alpha - "I disagree." (Reading a Post)

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I disagree.

Posted by ty97 Oct 23 '08, 09:40

I'm not assigning weightings of blame here, but to say that a homeowner who took a loan they couldn't afford has no responsibility in the economic sense doesn't jive.

Responses:

[deleted] 11
- If the homeowners never take the loans, then the bank never give the loans, and the bad loans never exist. - ty97 Oct 23, 09:45 5
  - [deleted] 4
    - Homeowners taking loans they couldn't afford to pay is just just a tangential item. It is a direct cause of the problem. - ty97 Oct 23, 09:54 3
      - [deleted] 1
        
        of course one homeowner did not. many homeowner, however, contributed -- nm - ty97 Oct 23, 10:01
      - *not* just a tangential item -- nm - ty97 Oct 23, 09:54
- If I know that you bought a hot-dog you can't pay for, I'm not loaning you money.. (NM) - Marlowe Oct 23, 09:44 1
  - [deleted]
- Because when they all default on their loans within a very short period, no one has confidence to lend money any more -- nm - Roger More Oct 23, 09:44 2
  - [deleted]
  - and when they're bundled and sold as securities, those securities are now worthless. -- nm - mafic Oct 23, 09:47
Yep.. (NM) - Marlowe Oct 23, 09:41

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I disagree.

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