Posted on 05/25/2016 7:48:09 PM PDT by Milhous
LOL !
The ad ignores simple supply and demand. Whenever there is a falling market (whether it is real estate, the stock market, or any other market) it is the buyers that are willing to take a risk that finally stops the free fall. There is an investor saying, “Don’t try to catch a falling sword.” But without risk takers willing to step in when prices are still falling, market swings would greater than they are now.
Rush L made the point today that Pocahauntus made her fortune by flipping houses — foreclosures.
In business, it has always been: buy low; sell high.
In politics, it seems to be: whoever pays the most under the table.
Trump talked about it.
Lieawatha Warren actually did it.
Lieawatha is Hillary’s Surrogate attacking Trump. Bad move.
And it is only May.That leaves half a year for Trump and his merry band of Netizens to scrutinize Clintonian history. We'll pull up that dirty old carpet and take a good long look at all of the dirt that mass media swept under it so long ago.
At least some of them are now admitting it.
For years they wouldn’t even go that far.
This got mentioned on the news here in Australia. My initial reaction was “So what. He told the truth” but just like there we have people here who swallow this crap hook, line and sinker. I’m afraid the journo gives the public way too much credit for being able to follow a train of thought through to it’s ultimate conclusion - it’s why our countries are in the mess they are in.
Bookmark
Now just WHY did banks make loans to “subprime borrowers” who couldn’t pay the loan back? Bueller??? Hmmm???
I’ll tell ya why. They were getting fat commissions and bonuses in both structuring the loan and then yet again when they pawned the loans off to all the suckers
Bzzzttt!! Wrong!!! The government MADE them lend to people who would never be able to pay the loan back — all part of the government “everybody deserves a house whether they work or not” wet dream.
they played in the game perfectly. The appraisers, realtors banks, loan originators, they all were making out like fat rats
Trump is a lunatic, but he's gaining strength because his supporters believe his story about being so rich that he's free to tell it like it is.
Taibbi shows his true colours here, which is what other anti-Trumpists feel. They will not admit to all the good qualities Trump has and probably refuse to believe.
Yeah - he was ‘rooting” for it. His statement was that if the dot-com bubble burst (which it did) there would be lots of ways for folks to make money from it (and there were). He never rooted for it.
And...do not forget barry 0bama was one of the Lawyers who sued Banks for “redlining” minority mortgage applications.
Actually, banks redlined mortgage applications from those with zero downpayments and no income.
Thus, the banks extended mortgages to folks who were destined to default!!
Thus, the banks protected themselves. The bad paper was bundled into a security, backed by the US Government, and sold to investors.
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