Hmm…wonder who will be paying for these losses?
http://www.nytimes.com/2010/06/01/business/01nopay.html?scp=2&sq=foreclosures&st=cse
These people are SCUM! My idea - bring back debtor’s prison!
Agreed…bunch of idiots. Notice how in the entire article that it was someone else’s fault? No accountability for being stupid and buying after prices had a huge run-up. Banks “snookered” them into mortgages? Guess loan officers put a gun to their head huh? These people should be kicked out immediately and have all their assets liquidated rather than living it up by being dirtbags.
You are SO RIGHT Justin! This is EXACTLY why the USA is done, finished, kaput! You can’t possibly have a country where contracts mean nothing…where lazy deadbeat scumbags can ignore their obligations and not pay a price for doing so. The entitlement mentality (fostered for years by the left) have destroyed our once-great country.