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Politics : MITT ROMNEY -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (1842)	2/14/2008 10:34:01 PM
From: Augustus Gloop	Respond to of 5586

Darlin', If they knew then the banks sure as hell knew! It's the banks responsibility to determine risk and say NO! All sales are contingent upon financing. If a lending institution approved the loan and it was more than the buyer could pay then its the banks fault for not doing their due diligence and saying NO! You don't get it - we aren't bailing out homeowners. By throwing liquidity into the market and lowering the fed funds rates we're bailing out the banks - AGAIN! You have this misguided belief that our tax dollars are going to pay fast Eddy - the deadbeat borrower and thats not the case! Our tax dollars are going to fix the banks after those fat bastards took huge salaries and made bad bets on non qualified buyers!!