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Originally Posted by Wolf
Nope, basically no victims (except the stupid, and theoretically dealing with stupid people is not a crime), unless you consider criminals victims.
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I don't understand the part in the parentheses. Can you explain that a bit?
Quote:
Originally Posted by Wolf
However, I would totally support legislation that punished loan originators for bad loans they originated (including them shouldering a portion of the defaulted loan value) and some method of punishing bad appraisers, since both were working together to defraud people.
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Hmm. . . so there are no victims, yet you state that people should be punished for "defrauding people."
I'm confused. Aren't the defrauded people victims?