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Reply #67: I'm a Michigander, and I approve this post. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-09-08 02:32 PM
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67. I'm a Michigander, and I approve this post.
Many people here are losing their homes (we lead in foreclosures, job loss, and pretty much every economic indicator), and frankly, it's not all the borrowers' fault. I've heard of some nasty stuff going on, and it's from the top down in those lenders and banks, not from the bottom up. It's time to put real regulation in place again and time to stop blaming people who thought they were doing the right thing.

Do we blame people for getting cancer if their doctors told them not to worry about that mole or that on-going cough? No, we sue doctors for malpractice. Why can't we do the same to these predatory lenders?
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