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DRich
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OK. I just don't get this article. Is it a set-up for excusing all those crooks with Ivy League MBA's? The poor baby's were just led astray by the hardened criminal element and were forced to write NINJA loans and leverage them 50x with no reserve. OR, is it that those awful people that walked into mortgage offices and forced creditors to issue subprime loans were actually in collusion with the criminal element and that is what really brought down Fannie & Freddie. Just what is the point?
Jul 23 15:20 pm
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All Comments by DRich »A Long Housing Boom Won't Yield to a Brief Recovery [View article]
SIVs CDOs, default swaps, and 100 to 1 leverage, THE PROBLEM, is the result of the idiots that have been elected in the last 20 years that think that deregulating everything and free money is a great idea (and it is for those that are crooked & greedy). These are the crooks that say FREE MARKET, NO TAXES, NO RESERVE, NO OVERSIGHT, then run with pitch forks in hand straight to those they most hate demanding no-strings-attached help.