To: Leisler
This is a business loss and comes off the profits of the owners of the company that does this business. Who gives a darn with crooks. That is exactly what these lending institutions were involved in. Real Estate lending is one of the biggest shams in American history.
18 posted on
11/17/2007 9:02:08 AM PST by
Logical me
(Oh, well!!!)
To: Logical me
It’s what built this country. Scams. Dreams. Mistakes. Delusions. Greed. Wants. Guns, liqueur, Bibles, women, fast horses, hoochee hoochee in the Orient with Chinese opium girls....
It’s a riotous circus, not a funeral march.
20 posted on
11/17/2007 9:06:11 AM PST by
Leisler
(RNC, RINO National Committee. Always was, always will be.)
To: Logical me
Who gives a darn with crooks.A lot of Americans' and Europeans' pension funds are invested in this "high yield low risk" junk. It is not just the crooks we need to worry about.
Where did the money go - well, the beneficiaries, are all the middle men in this circus, and the last guy to sell. The money is in yachts, Ferari's, and houses in the Hamptons, Newport Beach and Antibes. It is gone.
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