"Jay Honeck" wrote in message
s.com...
No I meant what I wrote - people are sacrificed all the time for money as
the sub prime debacle has shown- Hide quoted text -

People who couldn't afford to buy a home willingly signed papers
making them liable for debts they knew they couldn't possibly repay.

Other than stupidity on all sides, I don't see anyone being
sacrificed. Everyone is getting precisely what they deserve.
Quite.

Every one signs the HUD-1 form and hopefully did their homework before
getting their loans.

Unfortunately, most people invest a lot more time and effort when buying
their cars then they do when buying their homes.

The lenders, though, we often quick to loan to NINJAs: No Income, no job or
assets.

OTOH, to refuse them a loan was to incur the wrath of various
special-interest groups.
--
Matt Barrow
Performance Homes, LLC.
Cheyenne, WY