dmarc117 Posted February 20, 2009 Share Posted February 20, 2009 why are homeowners that were swindled into buying too much house only victims??? but rich people swindled by madoff told you shouldve known better. it looked too good to be true?? isnt a 700k house on 30k a year salary too good to be true? Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted February 20, 2009 Share Posted February 20, 2009 why are homeowners that were swindled into buying too much house only victims??? but rich people swindled by madoff told you shouldve known better. it looked too good to be true?? isnt a 700k house on 30k a year salary too good to be true? The only real victims here are the taxpayers. Quote Link to comment Share on other sites More sharing options...
wiegie Posted February 20, 2009 Share Posted February 20, 2009 why are homeowners that were swindled into buying too much house only victims??? but rich people swindled by madoff told you shouldve known better. it looked too good to be true?? Are you saying that the Securities Investor Protection Corporation isn't going to give at least some money back to the Madoff "victims"? Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 20, 2009 Author Share Posted February 20, 2009 (edited) Are you saying that the Securities Investor Protection Corporation isn't going to give at least some money back to the Madoff "victims"? does it look like i said anything remotely close to that? i just want to know why 2 different people did basically the same thing and get held to a different standard and why do you have 'victims' in quotes? do you not think they were victims? Edited February 20, 2009 by dmarc117 Quote Link to comment Share on other sites More sharing options...
wiegie Posted February 20, 2009 Share Posted February 20, 2009 (edited) does it look like i said anything remotely close to that? i just want to know why 2 different people did basically the same thing and get held to a different standard and why do you have 'victims' in quotes? do you not think they were victims? I do think they were victims But I think it is funny that you are complaining about people worrying more about swindled homebuyers than swindled investors when in fact we actually have a federally mandated insurance corporation set up to help swindled investors but we have no such similar system set up to help out swindled homebuyers. So in fact, we are holding people to a different standards--but the difference in standards is pretty much the opposite of what you are complaining about. Edited February 20, 2009 by wiegie Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 20, 2009 Author Share Posted February 20, 2009 (edited) I do think they were victims But I think it is funny that you are complaining about people worrying more about swindled homebuyers than swindled investors when in fact we actually have a federally mandated insurance corporation set up to help swindled investors but we have no such similar system set up to help out swindled homebuyers. So in fact, we are holding people to a different standards--but the difference in standards is pretty much the opposite of what you are complaining about. because i personally think that most of the homebuyers knew they were reaching and stretching to buy these homes. knew they couldnt afford them if the sh1t hit the fan. i dont think the madoff people thought they were getting hosed. Edited February 20, 2009 by dmarc117 Quote Link to comment Share on other sites More sharing options...
polksalet Posted February 20, 2009 Share Posted February 20, 2009 Liquor stores are the cause of alcoholism, not the drinkers themselves. The parents of child molesters are responsible for molestations, not the molesters themselves. Quote Link to comment Share on other sites More sharing options...
wiegie Posted February 20, 2009 Share Posted February 20, 2009 (edited) because i personally think that most of the homebuyers knew they were reaching and stretching to buy these homes. knew they couldnt afford them if the sh1t hit the fan. i dont think the madoff people thought they were getting hosed. I don't disagree with that--my guess is that a large majority of (questionable-loan) buyers were just hoping to ride the home-price-increase wave all the way to the bank. However, I am guessing that there actually were a few homebuyers who were indeed swindled--I thought you were specifically talking about them. Edited February 20, 2009 by wiegie Quote Link to comment Share on other sites More sharing options...
Donutrun Jellies Posted February 20, 2009 Share Posted February 20, 2009 I don't disagree with that--my guess is that a large majority of buyers were just hoping to ride the home-price-increase wave all the way to the bank. Funny how most/all of those "flip this house" shows have disappeared ... Quote Link to comment Share on other sites More sharing options...
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