What's really amazing is that people like Dung call it a 'fraud settlement'. There was every bit as much fraud from the consumer as there was from lenders. People not forced to verify income lied about what they made. While I am sure there were some cases where the banks (more likely pure mortgage lenders rather than banks) talked people into more than they could afford, I would be willing to bet the vast majority was due to people taking on more because credit was easy and they thought the housing prices would keep going up forever and ever.
That said, I should not be surprised Dung holds this view. He doesn't believe in personal responsibility. Plus, 'the government will provide everything for everyone since we can just keep spending as much as we want forever and ever. Fuck the grandkids, I don't want any pain'... right Dung? Isn't that how it works in your fantasy world?
