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Non-Tech : Kirk's Market Thoughts

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To: Kirk © who wrote (620)	2/5/2014 9:32:00 AM
From: rdkflorida2	Read Replies (1) of 26800

The same people that are screaming the govt. in TOO BIG and needs to have MORE deregulation are also screaming for heads to roll and asking "where were the regulators/watch dogs?". Getting anything back is a good thing. Putting a couple of people in jail would be better. Getting a balanced response is not easy. Making and packaging loans became a HUGE profit center for banks, mortgage companies and others. They ALL knew what they were doing. At the time it was happening I told people what was going on and no one believed me. I had/have an 806 credit rating. My loan was packaged with loans made to people with 506, (or less), credit ratings. My loan was prime steak, the other loans were garbage. Now put them together on a plate. Do you have steak and garbage or just GARBAGE? Just something to think about because it is likely to happen again. RDK>

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