President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (128901)	12/17/2012 11:07:04 PM
From: Cautious_Optimist	Read Replies (1) of 149317

We can't ignore the broad conspiracy that made created all the insane capital leverage that became the liar loans... And the various brokers, appraisers, lead generators and bankers who profited from commissions and fees, with every transaction... Home equity as a tax free ATM, some refinancing several times:year. The flipping of homes, sometimes without as much as an inspection, In other words the gross greater-fools boom and last ones at the top bust phases of capitalism, built on fraud that paid off well to some, while others well-connected to the Bush Administration that fed the beast got bailed out at the top while Main Street was left with less net worth and a smaller pie to feed off of going forward.

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