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To: Jim McMannis who wrote (110393)4/7/2010 11:37:45 AM
From: maxncompany  Read Replies (1) | Respond to of 116555
 
These things just happen.

No one saw it coming.

We're doing this for Main Street, not Wall Street.



To: Jim McMannis who wrote (110393)4/7/2010 12:23:22 PM
From: Little Joe  Respond to of 116555
 
Incredible. They obviously think we are all stupid.

lj



To: Jim McMannis who wrote (110393)4/7/2010 5:08:54 PM
From: riversides4 Recommendations  Respond to of 116555
 
the godfather,

msnbc.msn.com



To: Jim McMannis who wrote (110393)4/7/2010 8:09:22 PM
From: Hawkmoon  Read Replies (1) | Respond to of 116555
 
Amazing thing is no one was at fault. Just amazing

Actually, what's amazing is that no one's willing to recognize that fault lies with MULTIPLE sources, ranging from lenders, borrowers, and investors, not to leave out the Fed and Congress.

But suffice it to say that when the banks were provided hundreds of billions in Chinese capital (profits from selling their stuff to us) to originate risky loans, then turn those loans into securities, lending standards fly out the window.

Hawk