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

To: Jim McMannis who wrote (4908)	2/5/2011 10:31:36 PM
From: Broken_Clock	Respond to of 119362

dailyfinance.com

To: Jim McMannis who wrote (4908)	2/5/2011 10:39:50 PM
From: Webster Groves	Read Replies (1) \| Respond to of 119362

The taxpayers pick up the tab only because Fanny was the patsy. Without a designated bag-holder, the banks could not have flipped the loans. The question to ask is why was Fanny buying loans of dubious value. Not the fault of the borrower. The bank could have demanded collateral as in the old days, but the patsy made the deal sweeter, and Fannie didn't care because its execs got a cut on cash-flow (called bonuses). wg

To: Jim McMannis who wrote (4908)	2/5/2011 11:24:12 PM
From: Stefan	2 Recommendations Read Replies (1) \| Respond to of 119362

If you care you would start with the bankers first! They had the purse and were enablers, everything else just followed. Bankers needed a bigger casino to make that winning last bet and they got it. Blaming anyone else is a distraction. I know they lied on application, but who gave them the money? Whose responsibility was to checked the paperwork? Why they did not do their due diligence? (accident? I don’t think so)Who paid backed their bonuses back to the taxpayer on the fraud they have committed? All is well no they say, banks paid back so now we can have free market again. People are just dumb with very short memory and the MAN knows it!