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re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?
Posted on 5/16/17 at 9:27 am to Havoc
Posted on 5/16/17 at 9:27 am to Havoc
Computerized trading on securities composed of weak loans.
Separate that from loaning money to people who didnt make good.
Rich people bought those securities. Remember lincoln s and l? They were paying 10% when i was getting 2% at wells fargo.
When real estate market fell, lincoln fell.
People were losing their shirts after oklahoma and north Texas real estate fell. People who bet on lincoln s and l were made whole even though they bet over 100k. 1/2 trillion of our tax money bailed out rich bettors.
Thank mccain and bushes.
Separate that from loaning money to people who didnt make good.
Rich people bought those securities. Remember lincoln s and l? They were paying 10% when i was getting 2% at wells fargo.
When real estate market fell, lincoln fell.
People were losing their shirts after oklahoma and north Texas real estate fell. People who bet on lincoln s and l were made whole even though they bet over 100k. 1/2 trillion of our tax money bailed out rich bettors.
Thank mccain and bushes.
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