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To: Tempest

Lesse - the banks, through federally-suggested bad loans, found themselves having lended more money than they had, for assets that became less than their total assets.

Why else would they need a bailout in the first place?

This story has Captain Obvious written all over it...


10 posted on 02/06/2009 12:53:49 AM PST by Darth Tokarev (Liberalism: Using intellectualism to justify moral cowardice.)
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To: Darth Tokarev

Then why is it that none of the bailed out banks (with the exception of two) ever applied for CRA Credits?


21 posted on 02/06/2009 7:55:12 AM PST by Tempest (Greed is putting money before PEOPLE.)
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