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To: dennisw
Where the CMO was put together then sub prime mortgages were created to fill it up. The CMO came before the mortgage.

Most people here do not understand the pressure that was created to have a warm body sign a mortgage agreement, no matter what the condition of the body.

7 posted on 12/13/2008 5:33:00 AM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: org.whodat

Hey, when the Feds are letting you bundle them up and sell them to someone else, why not? These guys might stink on ice, but they’re not stupid.


8 posted on 12/13/2008 6:01:17 AM PST by Wolfie
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To: org.whodat
Where the CMO was put together then sub prime mortgages were created to fill it up. The CMO came before the mortgage.

Most people here do not understand the pressure that was created to have a warm body sign a mortgage agreement, no matter what the condition of the body.

There are plenty of folks in food chain. Some were outright crooks, some just simpletons filling out checklists, and some were just gaming the system. Socially, a bad situation all the way around...

9 posted on 12/13/2008 6:53:10 AM PST by pointsal
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