Once again, the responsible borrowers who didn't gamble on real estate values, who acted responsibly, who didn't speculate get the shaft, and the irresponsible, the speculators and the greedy get rewarded ("Md. joins national mortgage settlement," Feb. 9).
And how are the banks going to recover this money? They will pass the cost onto the responsible customers and borrowers. The furor about robo-signing is a joke. Has anyone said that the "victims" did not owe the money? How is it that someone who owes money all of a sudden doesn't owe it because of paperwork irregularities?
Every individual and every family that has lived within its means, honored its debts and lived within its budget should be infuriated by what is nothing more than transfer payments to the irresponsible, the ignorant and the greedy.
Thomas F. McDonough, Towson
I agree with this guy.
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well put. this is something that is going to be debated for years to come.
Posted by: Business Insurance | February 23, 2012 at 03:47 PM