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To: mj1234

“1. Home owner is making ALL payments- no eviction”

Do a google, numerous court cases.

“Banks are in buisness to make a profit- you have an issue?-”

No issue with profit. I do have an issue with failure to abide by property laws, committing fraud, perjury, or forging the homeowners signature on documents the homeowner never saw.

Some of the banks are evil and corrupt, mostly the big ones. Folks like Jamie Dimon are huge socialists and supported BO until very recently.

They loaned people money knowing the people couldn’t afford the loan. Then sold the loan for a huge profit. They took these loans and lumped them together and sold shares of them as a AAA rated security. They did this knowing the properties were overvalued. They also failed to follow property laws during this process.

Once the bubble on this pyramid scheme failed they sought a taxpayer bailout to cover their poor business practices and outright fraud.

So yes these companies are evil. Not because they are companies or because they make a profit. Because the people running them are criminal greedy bastards who don’t care who they hurt.


29 posted on 10/07/2010 6:40:05 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver

I have a feeling that if America were blasted with a coast to coast nuclear firestorm, the only lifeforms to survive would be cockroaches and investment bankers.


31 posted on 10/07/2010 12:15:44 PM PDT by Notary Sojac ("Goldman Sachs" is to "US economy" as "lamprey" is to "lake trout")
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