Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Think4Yourself who wrote (283714)	10/15/2010 11:26:03 AM
From: Lazarus	Read Replies (4) \| Respond to of 306849

yes it is. READ THIS ----> During the S&L crisis, Black notes that there were over 1000 priority criminal convictions of senior insiders connected to fraud. To date, of the specialty lenders who specialized in subprime, there have been zero convictions. Read more: creditwritedowns.com he also says that they current crisis is at least 40 times greater than the S & L crisis. Ratings agencies like MOODYS should be shut down and the crims that rated the junk paper AAA (for pay) prosecuted.

To: Think4Yourself who wrote (283714)	10/15/2010 12:46:00 PM
From: bentway	Read Replies (2) \| Respond to of 306849

I agree with Elliot Spitzer. It's clear that FRAUD was perpetrated on the buyers of the MBS's. The banks packaging these instruments violated their own guidelines as to the mortgage mix, while not informing the buyers that they were doing so. Not sloppy work. They knew EXACTLY what they were doing. I'd like to see Obama rescue Spitzer from the wilderness of cable TV and put him on the case as a special prosecutor.