"I understand I took a risk," Mr. Janis said. "But I did not anticipate that the real estate market would go down 30 percent." Understanding a risk means that

"I understand I took a risk," Mr. Janis said. "But I did not anticipate that the real estate market would go down 30 percent." Understanding a risk means that you should anticipate it having unexpected, and possibly unfavorable, returns. He obviously did not. I have much less sympathy for people with interest-only loans than I do for sub-prime borrowers. Sub-prime people were sold on a dream, these people were simply sold on greed.