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I agree whole-heartedly! Whether or not this is a boon to lenders, I think that people who made this loans ought to pay the piper..not me. I did not live beyond my means and I do not think I should be paying for the errors of otherwise intelligence folks who did. Blaming the "industry" for the problem is not accurate. I am sure a few got hood-winked but not most. GREED and arrogance was the problem.
By Don Stotts
