And on those occasions when filling out forms for loans or mortgages, have we always told the truth and nothing but the truth? I admit that I haven’t, and when does an exaggeration become an actionable lie?
Perhaps I am lucky that I don’t have to exaggerate. Regardless it is somebody’s responsibility to verify what you submitted on your loan application – in this situation, they are the gatekeepers. And then there are the people who are supposed to monitor those who verify your information. They were absent as well. I resent that taxpayers are being asked to bail-out financial institutions that, at best, were negligent.