How Much $$ to Bail Out the Liars?
That's a question we'll be asking soon. First, see the summary of a great Slate Article, vs. Liars' Loan production and resets upcoming, here at Blown Mortgage: Sample stated loan research shows 3 out of 5 inflated income at least 50%
Then, read the Slate Article. It illustrates exactly why we should not be bailing out anyone involved with this entire fiasco. People's ethical meters were completely reset due to rampant greed, and to reward them in any way means risking the entire system on which our economy is based.
When the norm is: Lie, cheat, and get bailed out when you're caught, or at least, have your frauds ignored, you end up, as the author states, like Russia.