With your ethical model one can only guess you were an Elder.
As I noted above, if they are selling *defective products*, they should be held accountable by the very politicans who also got sweetheart deals. Why don't you call Senator Christopher Dodds office and ask when they will be do something about all the presumed fraud that has gone on?
Every news show from GMA to 60 Minutes has shown a down and out homeowner who we are to feel sorry for who admitted they took out a loan without documentation. But, they didn't understand that they didn't qualify for that $600,000 house!!! They, only making $30,000 as a janitor, just wanted to live like those people they see on TV. Why shouldn't they *Go for it*? So, when the loan officer presented them documents that showed their payment would be $500.00 a month they signed away. They, being unable to comprehend that the loan only would be $500.00 for 3 months, and would jump to $3000.00 wasn't covered at the closing. So they say. But, their signature is on the document showing it was covered at the closing.
These stories are rampant. Fraud? Obviously. There are numerous mortgage companies who made millions who are now under investigation and numerous people have gone to jail for mortgage fraud. As they should. Were banks involved? I'm sure their employees were.
The homeowner? They should be out of a home and their credit should be ruined simply for being stupid and greedy. Is that a crime? Of course not. But should there be a price for that stupidity? Yes. And they, and we, the taxpayers are paying it.
Are all bankers to be scorned for being bankers? I don't think so.
Bankers, and every employee that works at banks provide a necessary service and necessary product. If you don't like what they provide and don't like their service, shop somewhere else. Like the local pawn shop. You can get a loan from them. Or the local Pay Day service. I hear they have loans. For about 29%.