Monday, April 28, 2008

When are banks going to reward the responsible borrowers?

The most irresponsible, unscrupulous, dishonest, greedy, immoral, criminal of borrowers are getting away with their crimes. They borrowed, knowingly, amounts that they could not possibly repay. They took negative amortization and interest only loans to make money in a speculative bubble. Now, the banks and US govt are bending over backwards to rescue these criminals.

What about us, the responsible borrowers, who have diligently paid back our loans, through tough times, job losses, illnesses, family problems, and more? Why are we financing a bunch of criminals who DESERVE TO LOSE EVRYTHING? When will the banks get it straight: it's the "good" borrowers who need to be rewarded. Instead, they keep rewarding the "worst" borrowers.