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: Valuepro who wrote (287874)	10/30/2010 2:17:17 PM
From: Skeeter Bug	Read Replies (1) of 306849

thanks for the clarification. however, you didn't address this... >>So, and once again, there was fault all around in those things leading to the Financial Crisis - "victims" as much as the pushers.<< this is true, but one side had all the cards and the phds behind them. one side KNEW the other would default and bought 3 or 4 insurance policies betting on that default. one side fraudulently rated trash as AAA. one side committed securities fraud by misrepresenting MBSes. one side committed insurance fraud by paying AAA rates on toxic financial waste they KNEW would default. one side forged documents before the court. one side illegally foreclosed on hundred of thousands of homes. in fact, one side had the ability to FORCE default by constricting the money supply BECAUSE THEY CONTROL THE MONEY SUPPLY! equating greedy, naive homeowners with CRIMINAL FINANCIAL TERRORISTS is absurd! yes, the homeowners should lose the home - AS SOON AS THE BANKERS END UP IN JAIL FOR THEIR CRIMES. ------------------------- nor have you defended your claim that ben bernanke and the media didn't mislead the public at large.

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