Who is to blame, borrower or lender? Part 2Submitted by paul4won on Fri, 09/26/2008 - 14:28
Sorry, I could not bring up the old thread. Some sapm bot i turned out to be. Clipped from an infowars article about the interview yesterday:
"The Congressman said that Greenspan and Bernanke should be criminally charged but that such an effort would be largely symbolic. “Morally speaking, they’re the culprits,” said Paul."
Normally, I am all about "You broke it, you bought it" but these are extraordinary circumstances. The term "predatory lending" applies to everything they have done for almost 100 years. The deliberate lies and market manipulations give well meaning, if naive consumers a degree of innocence. Their ignorance was DELIBERATELY heaped on them by the lenders.