weedwacker

Blame Realtors, Brokers and Bankers - Not Greenspan

Glad to know someone else beside me recognizes the obvious. In any industry, selling defective products under false pretenses spells "Cease & Desist", Litigation, refund and restitution.

Injecting Accountability into the Credit Crisis

The crisis of the 80's was the direct result of mortgage fraud, followed by a tightening of credit. This crisis occurred for the same reason. The states deliberately foster mortgage fraud and will continue to do so until control of the mortgage industry is taken away from them.

Greenspan's Legacy: The Housing Bust

How the hell anyone can blame Greenspan for the mortgage industry's racketeering is beyond me. All he did was lower interest rates. The hucksters like Arnall and Mozilo ran it into the ground. Greenspan didn't invent "Subprime" or CDOs, nor did he tell mortgage brokers to falsify loan applications or order inflated appraisals.

How can you people be so misinformed?