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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: joefromspringfield who wrote (111883)9/2/2011 10:55:00 PM
From: FJB2 Recommendations  Respond to of 224748
 
You summed it up perfectly.



To: joefromspringfield who wrote (111883)9/2/2011 11:00:51 PM
From: Jorj X Mckie6 Recommendations  Read Replies (2) | Respond to of 224748
 
"The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed."

I suspect that the government is going to regret this lawsuit. There is going to be a paper trail of who applied pressure to the banks to make the loans. I believe that paper trail is going to head right back to Washington DC.



To: joefromspringfield who wrote (111883)9/3/2011 8:54:32 AM
From: locogringo  Read Replies (1) | Respond to of 224748
 
"The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed."

Joe, this is a roundabout way of going after the S&P rating company. The govt wants revenge, and they want it BIG TIME.

I think the Liberal press will show how these poor banks, that can barely afford to pay their employees, were MISLED by the ratings giant, and S&P is the evil culprit, and should pay pay pay.



To: joefromspringfield who wrote (111883)9/3/2011 3:12:40 PM
From: chartseer2 Recommendations  Read Replies (1) | Respond to of 224748
 
"Hello Warren could you please provide B of A with a few billion. We are planning on suing them and they are going to need some cash to settle the law suitr with. Thanks Barry ."



To: joefromspringfield who wrote (111883)9/4/2011 10:06:32 AM
From: JBTFD  Read Replies (2) | Respond to of 224748
 
They are not being sued for making the loans. They are being sued for fraudulently representing the loans when they were selling them. It's about fraud. Your little encapsulation ignores this essential point.