wrote in message
...
It makes no difference if every bank in the world sets up a "screw
everybody
that can fog up a mirror" department and hires the Hell's Banditos to
manage
them. Until someone voluntarily signs papers to buy a house they can't
afford
or signs papers to receive money that they can't afford to pay back, it
doesn't
do the banks much good. And to say some bank somehow "tricked" them into
thinking that they could afford it is utter nonsense.

Perhaps, this is the justified end-result of the dumbing down of America. To
think that some woman over the phone(to use one of Dave's brilliant
examples) was able to gull folks into signing written contracts for anything
is near-astounding! Ask anyone of our parent's generation, of most any
educational background, if they would entertain such an idea and the vast
majority would look at you as if you had three heads. If a person hasn't
gotten the idea, by adulthood, that you better read the fine print before
signing anything, then heaven help them. And, while it is completely
derelict and reprehensible to prey on those dumb enough to be victimized,
the 'victims' do bear some responsibility. Like any street con, it is
essential that the mark does his/herself in by his/her own greed and
ignorance.


If that were the case,
they would have been "tricked" into all sorts of other schemes repeatedly
throughout their lives. And yeah, yeah, yeah, I know, someone knows of a
little
old lady who actually did get conned. And I'd acknowledge that such can,
did,
and does occasionally happen, but it is a rare thing, relative to the
current
situation.

HTH,
R
Dave
Which former Fed Reserve Chairman is a follower of Ayn Rand?

As I've said in the past, I'm no fan of Greenspan, and if "we" must have a
single person to blame, he's as good a choice as any, but even heaping him
with
a double portion still leaves quite a load to spread around...