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View Diary: Yves Smith: "The Top Twelve Reasons Why You Should Hate the Mortgage Settlement" (156 comments)

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  •  Not talking about those that were truly (1+ / 0-)
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    the victims of fraud. That can be corrected and those people made whole. However, they are the exception. Since when does one have to be an economist or fortune-teller to know that there is financial risk to purchasing a house contains risk and that a mortgage is a contract?

    How would you tell the person that saved up that 20% down and dutifully paid an 8.5% mortgage that she/he is a chump?

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