[An Old Man]

Maybe it's time to trade some of the gold for lead.

[April Lexington]

Frankly, this is scandalous.

Somehow... in October of 2010 A.D. this sentence brings a smile to my face. What, pray tell, is "scandalous" in this day and age?

[Red Badger]

Caveat emptor...............

[April Lexington]

Please to keep in mind that the VAST majority of people involved in this “crisis du jure” are huge Democrat supporters. This is their trough and they are now squeeling for cover...

[Loyal Buckeye]

While I don't trust the guys on Wall Street, the major problem, in my view, were the underwriting standards set by Fannie and Freddie. Those standards became standards for the secondary market, which mostly consisted of packaging the loans into the securitizations.

Further, lenders new, that even if they made loans that were shaky or undocumented, they could always sell them to Fannie or Freddie.

Had the Federal government never gotten into the mortgage business, we would not have the problems we have seen.

[Kartographer]

I’d say over all it’s an excellent business plan you engineer the whole thing so that you make money on the upside in fees and the mulitple selling of the same mortgages to investors and then you have the ‘dead beats’ to blame and the government make you whole when the scheme crashs on the downside.

[nkycincinnatikid]

mark

[A.Hun]

There is absolutely no excuse for not prosecuting the people involved with packaging these worthless mortgages.

From the ones that approved the loans right up to the CEOs of the major banks that bought, packaged, and resold them.

This lack of justice shows how far in the pocket Obama is to Wall St.

[phockthis]

sfl