Sunday, September 21, 2008

Sums Up My Thoughts Too

Blame the prey, not the predatory lender.

I find it incredible that he would use language like that while asking taxpayers to send a trillion dollars to Wall Street because investment banks made irresponsible investments and aren't able to live up to their obligations.

I don't think ordinary people knew that what they were being offered at say 7% would suddenly go up to 12%. I believe the advertisements were about building good credit and such. All the greed and education was on the lenders side.

No comments: