On Jan 30, 2009, at 9:54 AM, Tom Piwowar wrote:
Greedy like people lying to buy a home that was over priced and which
they could not possibly afford?
No greedy like the bankers who told them they could afford it.
Caveat Emptor. Yes, any fraudulent mortgage broker should be
prosecuted. They still had to know they could not afford it if they
did any due diligence.
Greedy like the appraises who gave an incorrect value for the house.
If the houses were selling at that price at that time, the appraisal
was accurate at that time.
Greedy like the bankers who foreclosed instead of correcting the
original
error.
Heaven forbid we hold someone to the promises they made.
Greedy like the bankers who flooded the market with empty homes,
forcing
the market into a death spiral.
Allowing people to begin snapping up bargains according to recent
reports.
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