To: AndyJackson
First, the idiots on wall street did not exactly spend a lot of money lobbying against subprime mortgages. Subprime mortgages are not the problem, it's all a matter of affordability and dumbass buyers. Why would WS lobby against them? Freddie and Fannie are so culpable in this mess it should make everybody's head spin!
17 posted on
01/25/2009 9:13:05 AM PST by
sirchtruth
(Gravity Of The Situation...)
To: sirchtruth
550 trillion dollars in derivatives is the problem, the rest is window dressing friend.
19 posted on
01/25/2009 9:15:02 AM PST by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: sirchtruth
Why would WS lobby against them? Freddie and Fannie are so culpable in this mess it should make everybody's head spin!Fannie and Freddie don't give loans. They buy them from banks.
Which loans were the banks selling?
60 posted on
01/25/2009 10:49:06 AM PST by
Ol' Dan Tucker
(While the truncheon may be used in lieu of conversation, words will always retain their power.)
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