re: #197 makeitstop

Thanks to my wife (the smart one), we went the other way.

The bank approved us for - and really pitched us hard to take - a million dollar mortgage. We ended up finding a house that costs under $300K and didn’t go crazy.

It was hard not to go crazy, with the bank offering you what seemed like free money and constant reassurances that the value of your house would never, ever go down.

A lot of people fell for it.

Yeah, and out my way, coming right on the heels of the tech boom/bust, where people’s eyes were already too big for their stomachs, I saw a lot of it.

A large part of me agrees with ggt - no one held a gun to anyone’s head to sign the documents. I also think no one made the others push crap loans they knew were crap on their consumers, either.

And yet, regulation of those people will garner loud wails of gubmint oppression and communism from the same old quarters.