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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Jorj X Mckie who wrote (10357)10/22/2008 9:43:09 PM
From: Pogeu Mahone2 Recommendations  Read Replies (1) of 33421
 
Of course it is the lending corporation/organization's fault.
It was their money so they should have done DD on the loan applications if they wanted the money back. These organizations threw out a 100 years of prudent banking practices in making these bad decisions leading to this banking crisis.
Did these bank executives have a fiduciary duty to their institutions?

This certainly had nothing to do with it:I'm sure that greedy consumers who took on loans that they had no reason to believe they could pay over the long term had anything to do with it.

Always has been the banks job to say:
your not qualified
not vice versa.
poor welfare queens exploiting poor rich bankers-s-
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