valid objections. But what does any of that have to do with executive compensation? Nothing.
The banks were operating well until the dems forced them to loan money to people who couldn’t afford to borrow it. If we roll back the democrat command to loan into unprofitable areas we will fix the entire financial problem.
The ACORN story only goes so far. Yes, there was pressure applied to lend but those loans made up only a small % of the total paper written. Lowdoc, nodoc loans and all of the exotic stuff were result of people not doing their jobs. There are too many stories of hairdressers buying $400K condos while they were earning less than $50K a year. Who writes a mortgage for $500K for a shotgun shack in Compton? Well, if you are just originating and reslling then you can. How about illegals being able to buy in the Bush years? How about ratings agencies certifying crap?