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Re: Government
Posted by BobS (more from BobS) on Thu, 21 Jul 2011 15:59:36
In Reply to: Banks not government, Bruce, Thu, 21 Jul 2011 12:59:37
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The government implied they would stand behind the bum loans, so the banks went along with, and/or were forced into loans they knew were bad. These bum loans were bundled sold, traded, and insured as a bunch of people tried to make as much as they could, while this hot money was backed by the government. We should vote out all the politicians that were for this play on the tax payers money. We will be paying for it for a long time.
posted by 71.33.84...
Posts in this Thread:
- Look at the third picture of the house I just gave up., John Myers, Wed, 20 Jul 2011 21:09:37
- Saab Certified, nice!, Boston Baab, Thu, 21 Jul 2011 05:39:35
- Trying again, John Myers, Wed, 20 Jul 2011 21:11:00
- Re: Trying again, TML
, Thu, 21 Jul 2011 01:04:47- Pity the rest of the world, Reality, Thu, 21 Jul 2011 08:45:41
- Re: Trying again, John Myers, Thu, 21 Jul 2011 07:57:41
- house prices in US are so cheap!, sab, Thu, 21 Jul 2011 03:29:39
- Not in San Diego, Mike Lynch
, Thu, 21 Jul 2011 11:24:45 - Re: house prices in US are so cheap!, Les_H, Thu, 21 Jul 2011 06:57:42
- Depends on location, Noel, Thu, 21 Jul 2011 06:11:58
- Re: house prices in US are so cheap!, EGD
, Thu, 21 Jul 2011 05:36:17
- Re: Trying again, Justin VanAbrahams
, Wed, 20 Jul 2011 21:34:03
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