Death penality/life-in-prison for Sub-Prime lenders?

Question

I didn't get pulled into that because I saw it for the BS that it is and was. However, They should be serverely punished in my opinion, Life in Prisonment or Death (including punishment for their spouses and children!)
Write your Congressional Rep today Demanding punishment with extreme prejudice for Sub-Prime Lenders!

Answer 1

There are two victims in the 'sub-prime' loan issue.

Victim #1 is the borrowers who took out loans they could not afford to repay.

Victim #2 was the lenders who lost their shirts by loaning money to people who could not repay it.

Who is at fault here is both the borrower and the lender.

Answer 2

I think that what the sub primes did was self punishing.

They made loans that they really shouldn't have, and ultimately didn't get paid for enough of them to put them out of business.

As far as the borrowers go, I know I warned a number of my clients off of some of these dangerous loans that have the potential for "negative amortization". Fact is, a lot of people wanted a million dollar home for a hundred dollars a month.

As WC Fields said, "you can't cheat an honest man."

Answer 3

In any other country in the world, this scum would be put to death by the government. In the United States, they are given Jaguars and retirement homes on two coasts. What our governmental "leaders" really want is to know how they can get a slice of pie the way these thieves did and escape punishment.

Answer 4

Congress wanted lending to the underprivileged, they got it. They do not like the consequences and, as usual, politicians are reactionary managers. Congress is a joke. Most politicans are incompetent.

In any case, people need to be responsible and are to understand what they are doing. Whether you like it or not, the borrowers are culpable. They are trying to live beyond their means, as are far too many Americans. When you live on borrowed time, things catch up to you sooner or later. Personal responsibility is a great thing.

Let's cut the B.S. about this culture of "victimhood" already. Take responsibility for your actions. The lesson here is that people need to live within their means. Simple as that.

Answer 5

You are correct in that it should be a major crime. The public was compelled to jump at these types of loans in spite of the obvious train wreck that laid in wait. I warned countless people to avoid buying houses during the bubble and to especially avoid the various financing schemes, but to no avail. The carrot that was dangled in front of them was much too big and ripe.

Answer 6

It sure may screw things up and right before an election. Interesting way to shrink the money supply.
Follow the money, I bet it goes / came from elsewhere.