10-28-2008, 04:22 AM
JoeH wrote:
Your argument is that the agreement language is easily understood by everyone who reads it.
Apparently you're having trouble understanding what I'm writing. That's not my argument at all, I even told you what my argument was, and you still missed it.
karsen wrote: My argument is that people should take responsibility for themselves.
Yeah, and I agreed with you that the paperwork can be overwhelming and confusing.
karsen wrote: For most people a home is the largest purchase they will ever make in their life. If they don't understand the agreement they should have someone who does examine it for them. Your comment about law school is right on, get a lawyer to review the agreement. I'm sorry, but I don't believe it's the government's responsibility to bail out people who are either too stupid or too lazy to examine an agreement with a 30 year payment attached to it.
Look, I'm not defending the predatory lenders, they should be prosecuted the same as any other thief.