11-12-2011, 05:25 PM
(11-12-2011, 05:07 AM)rothschild Wrote:(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
No the game isn't winding down ,the way I see it the first half is just about over.
now the real profit taking starts.
Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.
John Adams
John Adams