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I want to take a cheap shot at the "stupid" people who financed houses they couldn't otherwise afford via variable rate mortgages that they GAMBLED would not go up so much that they couldn't afford to pay or they didn't even figure out what that number would look like run on sentence. I've also had the "pleasure" of dealing with ill-motivated mortgage brokers who just wanted to make their quick buck on your financing with no regard to the borrowers' longer term well being; but any consumer who decides to commit so much of their financial resources without understanding the details is a stupid consumer. I hope we at least end up with smarter consumers after this debacle, that's worth something.
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