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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (52526)3/24/2009 1:28:10 PM
From: geode00  Read Replies (3) | Respond to of 149317
 
I saw on some news program recently a piece about mortgage lending practices where people who were designated as, say, house cleaners were getting loans with a declared income of, say, $12K/month.

The criminal fraud in mortgage origination was incredible. Those are the 'assets' people are trying to foist off on us?

I suspect the 'investors' who appear to be quite interested in the Geithner plan are looking at better pools of assets. They aren't stupid. They are looking to make a killing by leveraging US taxpayer money.

What the heck is going on.