Posted 1 year ago on June 15, 2012, 12:30 p.m. EST by quitcrying123
This content is user submitted and not an official statement
In 2004, as a bank teller making 9.00 an hour I received a phone call from a teachers credit union offering me a home loan of 240,000. At 20 years of age and knowing nothing about the economy... I knew there was something wrong with this picture. Listen... people KNEW they couldn't afford homes, equity lines, etc. They signed their own names on those loan docs.. knowing they didn't have money to pay it back. After all those folks decided to sign away ... AFTER that is when banks began to package these risky loans. IT'S EVERYONE INVOLVED THAT IS RESPONSIBLE... EVERYONE. Down to the reg. joe who took money they couldn't afford to pay back. WAKE UP! SHUT UP!!! If I, in all my naivety did not take the offer...as much as I wanted that new car.. or house... then those "POOR" little people who lost all their homes KNEW exactly what they were doing. They were not mentally handicapped.. THEY KNEW.. so quit crying and stop pointing fingers. WE ARE ALL in this mess together.