alt Hacker NewsThe people who "lost everything" were people who bought houses they couldn't afford by lying about their incomes. Counting on the bubble growing forever.
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You are ignoring the many documented cases of predatory mortgage lenders encouraging elderly and otherwise infirm people to switch to the “lower rate mortgages”.
Acting like the only people who had these loan obligations were actively doing something wrong is a total myth.
Meanwhile Wells Fargo, who gave loans to dead people to meet quotas, was made whole and then fined a few token dollars.
The people who "didn't lose everything" were people who were lying about securities being AAA worthy while in reality being filled with subprime junk. Counting on getting bailed out and facing no consequences.
And the massive corporations that bought bad debt? I guess those poor bastards probably couldn't have known any better