The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (283714)	10/15/2010 11:26:03 AM
From: Lazarus	Read Replies (4) of 306849

yes it is. READ THIS ----> During the S&L crisis, Black notes that there were over 1000 priority criminal convictions of senior insiders connected to fraud. To date, of the specialty lenders who specialized in subprime, there have been zero convictions. Read more: creditwritedowns.com he also says that they current crisis is at least 40 times greater than the S & L crisis. Ratings agencies like MOODYS should be shut down and the crims that rated the junk paper AAA (for pay) prosecuted.

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