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To: GROUND ZERO™ who wrote (111256)	9/15/2018 10:59:25 AM
From: robert b furman	2 Recommendations Recommended By GROUND ZERO™ Hawkmoon Read Replies (1) \| Respond to of 223358

Of course Paulson was the head of Goldman Sachs before becoming Secretary of the treasury. It is by no means a coincidence that GS went short all the credit debt swaps and did not need to sell out to a white night with cash. Goldman Sachs and Morgan Stanley were the only two investment banks that survived and later hid under the protection of the FDIC after Bernanke allowed an investment bank to join. What I just find unbelievable is that congressman still want more lower credit standards for minorities. SHEESH - who do they think got hurt from the last fiasco they created. I read where 80 % of the walk away foreclosure were during that time were minorities. With a house foreclosure on the credit records they will now be charged a higher interest rate on all future credit taken on. That type of hairbrain legislation has unintended consequences that actually hurts most those who were intended to be helped. They are so dumb that they do not learn a lesson from their poor legislative failures. Solid banking experience suggests that 20 % down means if you have a loss of value in your house due to value cycles /swings,and then walk away from it - you lose the skin you had in the game before the bank does. THAT's what stops the foreclosure losses! Yet fannie mae and freddie mac are making 3% down loans even today! Bob