Option Millionaires

[samaelrocks]

Wow! Only the maffia can offer a loan they know the borrower can't afford to pay back and still stay in business. Because they can break their legs, take a life, or take as much property they want at will when the borrower doesn't pay it back.

WTF were these clowns thinking by lending out these mortgages KNOWING that when the rate shot up, the borrowers wouldn't be able to pay the note? What did they do? Sign the agreements with the borrower and hold their breath hoping that when a $1000 payment went to $3000, the borrower was just going to quietly pay it?

LOL!

If a restaurant sold a product that "MIGHT" cause harm to someone and the product "DOES" cause said harm, then that restaurant is held accountable.

Should not be any different for banks either. Let them fail.