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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (33560)	3/2/2009 11:48:35 PM
From: RMF	Read Replies (1) \| Respond to of 71588

YUP... They didn't have to worry about how bad the paper was because they knew they could just bundle it all together and pawn it off to somebody else. Companies like AIG didn't have to do ANYTHING to make big bucks except say they would INSURE all those bundles. What really BURNS me is the "Ratings Agencies". NONE of this could have happened if those guys hadn't just put a AAA stamp on every piece of CRAP that came their way. Those were the people that were "supposed" to protect the holders of this paper and they just saw DOLLARS too. SOME of these people need to go to jail. Starting with those at the ratings agencies and working backward to the sleazeball originators of these loans. Probably everybody that worked at Countrywide should be locked up.