Republikan Socialists don't care if overpaid, incompetent, fradulent bankers get our money, they only want to make sure that people who do decent work for a living get nothing. Remember when Bush kept yammering about how those nasty little homeowners shouldn't get any help with their mortgages?
Lest we forget where the problems really originated, the same fradulent morons getting bailouts and payouts for their ruined vacations on the taxpayer dime:
"...For example, according to data presented to an Office of Thrift Supervision forum last December, about 90 percent of subprime loans originated between 2004 and 2006 carried exploding adjustable rates.
Some 70 percent of subprime loans have prepayment penalties, versus 2 percent of prime loans. The Center for Responsible Lending estimates that 52 percent of home purchase loans made to black families were subprime and that 41 percent of loans to Hispanic borrowers were subprime...."
iht
Bankers, mortgage brokers, real estate agents, management, analysts, ceos, the sec, the fed, the treasury = IN JAIL.
That would be a start. |
