Quote:
|
Originally Posted by FSETH
Yeah, but why did they do that? Did they stand to profit one way or another? Greed is still the underlying issue and motivator, IMO.
|
Did you miss my statement? The lending institutions were Federally required to start doing these loans. Can you blame them for trying to figure out a way to make a profit on them? Is profit evil now? I think the companies involved may have been lax, played loose with their rules/regs, etc (no argument from me on that). However, the simple fact that a company is trying to maximize profits for their stockholders is not an evil action. It is what we WANT companies to do.