For you, your family and friends, it may be stupid. And if I borrowed money, no I would not rely on the bank to tell me everything, indeed I'm sceptical of anything when it comes to finance so I would do every last piece of research possible to ensure it was sound.
There are always two sides to the coin, and whilst I don't want to aggravate your apparent hypertension
....
Originally Posted by Grass Strip Basher
IF YOU BORROWED THE MONEY TAKE SOME BLOODY RESPONSIBILITY FOR YOUR ACTIONS!!!
IF YOU LEND THE MONEY, TAKE SOME BLOODY RESPONSIBILITY FOR YOUR ACTIONS!!!
Originally Posted by Grass Strip Basher
... making excuses for what was plain old fashioned greed on behalf of the borrower.... whatever next
Likewise, making excuses for plain old greed on behalf of the lender, whatever next. The banks were greedy; they lent to those they
knew would probably not afford it. More to the point, they lent amounts to those they would not even consider borrowing themselves.
I'm not arguing with you or saying you're wrong - just providing the other side of the coin for some people...