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To: LomanBill
You are certainly correct, shadow banks, banks, real estate appraisers, and brokers all acted illegally. Some ethical banks, when extorted by Greenline and the Feds, did not stoop to out cheating the cheaters. Those banks, removed themselves from the home mortgage market, defeating the Marxists and remaining ethical.

The purpose of my post on this thread is to prevent misdirection of attention away from the Federal government, DemoRats and RINOs who are the primary cause that this could occur.

27 posted on 03/01/2011 8:55:35 PM PST by Navy Patriot (Sarah and the Conservatives will rock your world.)
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To: Navy Patriot
 [Those banks, removed themselves from the home mortgage market, defeating the Marxists and remaining ethical.]

That's right, and some of those honest banks are still in business - still resisting the efforts of select jackwagons on Capital Hill, like Dick Durbin, to effect otherwise.

It's economic warfare alright - but we need look no further than Chicago for the usual school of suspect, criminally minded, punks.

Exhibit A: 

Penny Pritzker - National Finance Chairwoman for the Obama campaign - whose Chicago family-owned Superior Bank FAILED in 2001 from the effects of its pioneering efforts in the Sub-prime finance debacle.


33 posted on 03/01/2011 9:28:19 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Navy Patriot

[who are the primary cause that this could occur.]

Human nature - predictable and exploitable human nature - is the cause that this could occur.

Thus:

"TO SECURE THESE RIGHTS, governments are instituted among men"


A Republic is a system, of governance characterized by the Rule of Law.  When the Law fails, the Republic fails --- and if the American Republic fails then government Of, By, and For the People - fails.

FReepers know that kind of failure is simply not acceptable.


41 posted on 03/01/2011 10:42:09 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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