“Give it up, the reinvestment act did not cause fraud on this level.”
People are desperate to blame black people instead of white gazillionaires. ACORN! Raines!
This is a good article except for the “fraud” allegations. This is not fraud. It is the free market. What is it about freedom people don’t understand? The bailout is like if the govt. stopped regulating road traffic, then covered the liability of everyone who killed someone speeding. Worse, these “fraud”sters are effectively printing money, something which the government regulates within itself.
There won’t be an attempt in the MSM to fathom explanation until after the election. Obama has hitched his star with Bush and the Goldman Sachs bailout, so that cannot be examined closely.
It is a little comforting that Bush’s apocalyptic warnings might be an overreaction via Paulson to narrowly protect Goldman in particular.
The FBI is all over AIG.As we speak. Heads are gonna roll.