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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (164742)	11/15/2008 11:38:45 PM
From: Pogeu Mahone	Read Replies (2) \| Respond to of 306849

Cut the bullshit No one ever forced a bank to make a loan that could not be repayed. Ask yourself, How do banks work? Certainly Not by giving loans they cannot collect. These loans were given out and then promptly sold so when it was not be payed back the bank did not care. It was then the next guys problem. No ethics comes into play but what do you expect from greedy bankers? If the bank that sold the loan had to keep it on their books this would never have happened. You will buy any stupid justification to not blame this on bush and his republican legislature. Bankers did not have to ignore 100 years of standard banking practices. These stupid greedy bastards cut their own throats and the worlds, no law forced them to do it. They thought they were cute and only they would do the dirty. Surprise ,surprise as this toxic sludge fills every bank in the world other then Israels. edit none of this was ever challenged by any bank in court because they know how riduculus they would look

To: ChanceIs who wrote (164742)	11/16/2008 1:50:15 AM
From: Skeeter Bug	Respond to of 306849

chancels, clinton was partly at fault, but not for the reasons the republican spokes holes have told you. it was under clinton's watch that phil gramm put in legislation to make the credit default swaps unregulated... and clinton supported the idea. bush had 6 years to fix it and failed. bush also thought home ownership for people who couldn't save, didn't have a social security number and had bad credit was fantastic, too - and said as much. i heard his words. remember - compassionate conservatism? bush even spoke of his buddy in texas who was offering people with low income, no ssn, no down payment and bad credit homes just as good as everyone else. this is not a demican vs republicrat issue - both parties are corrupt and inept.