Posted on 04/19/2011 9:25:22 AM PDT by NormsRevenge
I shoulda said....”Democrats AND Democrat-lite (RINO’s)
and if you were on the buying end of an instrument that carried an implicit government guarantee. Same result, no body cared.
Why no one is in jail over this entire mess is a scandal of epic proportions, even a larger one than the Zero himself. There should have been firing squads set up on Maiden Lane in NYC and those with the guns needed auto loaders.
And another way for the bureaucracy to get it’s barbs in deeper into business.
It’s also going to be a breeding ground for lawsuits, when financial institution gives someone a loan for a house, and that person goes belly up, they’ll blame the lender for loaning them the money in the first place. Just watch that materialize.
Yah - that should encourage banks to make loans! Banks bad, deadbeats good - got it.
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