Reply #86: There have been suckers since time began

[NewJeffCT]

With somebody offering to turn lead into gold, water into wine, a cure-all potion of snake oil, or telling us that the world was flat, or that Zeus led a bunch of deities that frequently interfered with the affairs of mortals, or that the earth is 6,000 years old, or that George W. Bush is a down-to-earth fella you'd like to have a beer with. It wasn't yesterday that the phrase "A sucker born every minute" was coined. They wouldn't send out those emails about money from Nigeria if they didn't work.

It's why we have things like the SEC, the FDIC, the Consumer Products Safety Commission, the EPA, the FTC, etc.

When you bought a home, did you check the licenses of everybody associated with the purchase to see if the licenses were legit? The banks, the title insurance company, the homeowner's insurance company, the lawyers, the realtors, the home inspector, etc. Did you review the lawyer's title search? Did you read every line of the sales contract and the homeowner's insurance policy, including the fine print? Did you check the home builder and their record?

Yes, the kid was stupid, but I think it's more naivity on his part. The primary fault lies with either the bank for approving the loan in the first place, or the person that sold him the mortgage and falsified the documents he gave to the bank. The kid was sold a bill of goods, and he bought it.