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re: Yahoo writes article "It's Obama's Presidency, but Bush's World
Posted on 7/3/14 at 10:34 am to kingbob
Posted on 7/3/14 at 10:34 am to kingbob
Bob, that shite is fricking retarded.
Nobody forced fricking banks to do shite. This was a profit scheme. Load the balance sheets with toxic assets, sell them off as grade A beef, and then when insurers collapse, the government has no choice but to bail them out. Do some reading on the complicit nature of the subprime lending practices, fraudulent documentation, etc. the banks never had hands forced to make these loans.
Wall Street is not some liberal enclave, it is a business hub and the political connectivity to DC is static, regardless of who is in charge.
Nobody forced fricking banks to do shite. This was a profit scheme. Load the balance sheets with toxic assets, sell them off as grade A beef, and then when insurers collapse, the government has no choice but to bail them out. Do some reading on the complicit nature of the subprime lending practices, fraudulent documentation, etc. the banks never had hands forced to make these loans.
Wall Street is not some liberal enclave, it is a business hub and the political connectivity to DC is static, regardless of who is in charge.
Posted on 7/3/14 at 10:36 am to The Third Leg
quote:
Bob, that shite is fricking retarded. Nobody forced fricking banks to do shite. This was a profit scheme. Load the balance sheets with toxic assets, sell them off as grade A beef, and then when insurers collapse, the government has no choice but to bail them out. Do some reading on the complicit nature of the subprime lending practices, fraudulent documentation, etc. the banks never had hands forced to make these loans. Wall Street is not some liberal enclave, it is a business hub and the political connectivity to DC is static, regardless of who is in charge.
Do you even community reinvestment act bro?
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