It always pisses me off how authorities allow banks to rip regular Joes who have no clue what they are signing. I know they should request an expert to review the bank contract before signing but banks should be requested to offer clear info about their products, info understandable by regular users. They just act as "system-authorized" thieves. And of course, it's always the same customers, the most vulnerable the ones who suffer the consequences.
Yes. This is the problem. And then, when the thieves lose their stash to other thieves, those they originally stole from bail them out again.
Yes, that is the worst part.
Several years ago, a lot of spanish families lost their houses because they could not afford to pay the mortgage from a bank they ended up needing a bail out, it came from our taxes. It is just discussing to say the least.