SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brumar89 who wrote (588864)10/5/2010 10:32:04 PM
From: J_F_Shepard  Read Replies (5) of 1577168
 
I've always wondered why a bank would give 300-400K loans to people they KNEW couldn't pay for them... Getting a mortgage used to be a rigorous process requiring income certification and assets... It appears to me that the bankers saw a pretty good deal in selling the mortgages to people who would probably default but in the meantime they got pure interest and since the housing market was going crazily upward they figured a repossession would be easy sale and large profit....they never counted on the housing crash..

But Obama never said what you said he did....you admit that?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News