Oh, and before they chime in, I'm waiting for those "Koolaid drinkers" to show up and provide us links that it was all the banks and no blame at all to Fannie, Freddie, the government, and ACORN.
Waiting......
Waiting......
Oh, and before they chime in, I'm waiting for those "Koolaid drinkers" to show up and provide us links that it was all the banks and no blame at all to Fannie, Freddie, the government, and ACORN.
Waiting......
uncle slayton's got his texan pride
back in the thickets with his asian bride
he's cut that corner pasture into acre lots
sells 'em owner financed
strictly to them that's got no kind of credit
'cause he knows they're slackers
and they'll miss that payment and he takes it back
And a smart phone in every pocket.But doesn't everybody have the right to own a home? sarcasm
There's plenty of blame to be spread around, I'd say.
The way I see it, the borrowers jumped on what they thought was an easy way to up their standard of living.
The real estate folks were the ones really cashing in, with little repercussions when loans didn't get paid. The ultimate "victims" were the banks, who "lost" money, yet could rely on the puppet masters to drain the taxpayers of a bit more of their earnings to prop up the banks, and "save" them.
It's a corrupt system, all the way around. "Too big to fail" is one of the catch phrases that disgusts me.
And a smart phone in every pocket.
"... the inevitable conclusion will be reached that your firms are too big and complex to manage effectively.
banks are not victims, they get their insurance money. It is truly a huge racket.
I too babble in revisionist history. My favorite is to claim that the Irish were slaves in America.
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