Tuesday, September 30, 2008

In Defense Of Banks

For the first time in history someone is hated more than lawyers. Bankers. I know, I know. This entire nightmare is all due to greedy bankers.

Bullshit.

Sure, bankers twisted things around so they could make unbelievable amounts of money. I remember seeing commercials for loans for 125% the value of your house. I don't see how that could have been legal, but they did it. What they didn't do was put a gun to anyone's head and force them to take out these loans. People thought they could get rich off the increase in their house's value. And they could have if they were just patient, but they were just as greedy as the bankers. And as far as I'm concerned, anybody stupid enough to take out a loan for more than their house is worth, or agrees to a balloon loan, needs looking after.

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