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My guess is he will.

This morning investors woke up to news that Beazer Homes (BZH) is being investigated for predatory lending practices on borrowers who wouldn't normally qualify for a loan. Our nation has adopted one big "American Idol" attitude.

For those that watch American Idol, you know what I am talking about. Some contestants, who have no talent what so ever, are telling three industry experts that they are full of S***, and don't know what their talking about when they are rejected by the panel. They same attitude is taking place in the mortgage business, athletics, and just about everything else.

This is the reason I really like Simon Cowell. He tells it like it is, and doesn't pull any punches. At the same time, you can tell Simon is a really good guy. He has the ability to spot someone who has worked hard, and had to overcome adversity.

If you want to know the truth, many lenders, and homebuilders are afraid to turn someone away in fear of being sued for discrimination, or whatever else an attorney can come up with.

I have been seeing the same attitude in youth sports for many years. Instead of cutting a sub-par athlete, coaches are forced to keep players on a team in fear of parental retribution. Sometimes saying "no" is the best thing you can do for a person.

Former Notre Dame Coach Lou Holtz said that being fired forces a person to look within themselves, and provides the necessary motivation to do better. Rejecting someone for a loan forces a person to get their financial house in order. Instead of trying to act like a big shot, and spend money like a drunken sailor, these people will be forced to focus on being frugal.

Will this financial disciplining process ever happen? I seriously doubt it. Most people are more interested in showing off, and giving others the impression that they are wealthy rather than actually being wealthy- See Lending Tree Video. In this "I want it now" society, actually accumulating wealth takes too much effort, sacrifice, and discipline.

The American Idol consumer's attitude is "I want it now", or "I can sue someone to get it". This is the main reason for the sub-prime debacle, and the massive consumer debt plaguing the country.

I can't blame Beazer Homes for their predatory lending practices. They are just complying with a nation that will sue you if you say no. I think the whole country has gone mad.