You’re All A Bunch of Deadbeats- Just Pay Your Debts

You borrowed far more than you could ever afford.  You splurged on wasteful and unnecessary things.  You took on financial burdens that you could never afford to repay.  You paid outrageous fees. Yes, the brokers that sold you the loans lied and fudged the numbers and did whatever they had to do to get you to close, but you did this to yourselves.

No, I’m not talking about individual borrowers, I’m talking about entire states, cities, counties.  These are the next boot to drop in the Financial Crisis, but the play book is the same.  The Wall Street Fat Cats sold big fat loans to people that couldn’t pay.  In some cases, they took advantage of less sophisticated country bumpkin towns and cities then pushed them into complex loans and projects with obscene terms that they could never fulfill…..just like the subprime loans these financial pied pipers sold to unsophisticated homeowners…

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