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So ACORN is Occupy? Not surprised.
#60
(11-11-2011, 08:55 AM)IMaDick Wrote:
(11-11-2011, 08:49 AM)rothschild Wrote: The lenders had the prospective borrowers' financial history, Sherlock. They knew whether or not a borrower was a good risk or a bad risk. So the real question is, why did lenders make such a multitude of bad loans?

The real question is why did they make bad loans and then whine like bitches when they lost their asses?

If the buyer can fail, then the lender should also be able to fail.

But in this case they had agreements that they would be protected, that the government guaranteeded it's own loans with tax payer money.

The whole thing was one big fraud that was pulled off on the American people.

Have you heard that Bank of America Corp. is shifting $75 trillion worth of derivatives out of Merrill Lynch and into it's FDIC insured retail subsidiary, BoA? And the Federal Reserve is signing off on it.

The game's winding down, wouldn't you say?

http://mobile.bloomberg.com/news/2011-10...tegory=%2F

http://dailybail.com/home/holy-bailout-f...on-of.html

http://dailybail.com/home/william-black-...ricas.html

http://www.youtube.com/watch?v=GYNVNhB-m...re=related

http://www.youtube.com/watch?v=mkUc0k2eP...re=related
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Messages In This Thread
So ACORN is Occupy? Not surprised. - by Cracker - 11-03-2011, 05:44 PM
RE: So ACORN is Occupy? Not surprised. - by rothschild - 11-12-2011, 05:07 AM