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Some Questions on the Sub-Prime Mess
Posted on 10/04/2008 6:27:45 AM PDT by Hillary'sMoralVoid
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To: org.whodat
One 1000 percent wrong, up until this time banks were not allowed to co mingle their funds in stocks and bonds. Banks were banks, not investment stock brokers and stock clearing houses nor were they mortgage brokers. And this needs to be reversed, banks should be banks, and that is all. How did allowing banks to handle other product, insurance for example, help create subprime loans?
Banks were not mortgage brokers prior to deregulation? Seems I financed a home or two with a bank long before 1999? Actually deregulation allowed some banks that held subprime loans to diversify with more products and may prevent them from going under.
To: TruthWillWin
Actually deregulation allowed some banks that held subprime loans to diversify with more products and may prevent them from going under. ROFLOL,then they don't need my money!
22
posted on
10/04/2008 2:41:51 PM PDT
by
org.whodat
( "the Whipped Dog Party" , what was formally the republicans.)
To: TruthWillWin
Seems I financed a home or two with a bank long before 1999? Just as a point, I never said they did not lend money on homes. Actually I have bought several homes on ninety day note's.
23
posted on
10/04/2008 3:13:07 PM PDT
by
org.whodat
( "the Whipped Dog Party" , what was formally the republicans.)
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