by zotz on 4/13/12, 10:18 PM with 3 comments
by paulhauggis on 4/13/12, 11:27 PM
It doesn't teach the person getting the mortgage anything about how to properly manage their money and not get in this sort of situation again.
They will just do it again in the future, but with something like credit card debt. This is a huge disservice to their economy.
I also wonder who has to pay for this. If it's the bankers, then it's a scary thing. It means the government pretty much has control over the companies/banks there. If not, then it's coming out of the taxpayer's