|
Trees
|
 |
2011-03-22 4-22-58- |
|
What a Load
dude, please do your homework. fact is, many people who signed on to subprime loans are paying their loans. I note you say nothing about corrupt mortgage companies throwing their loan requirements out the window, selling mortgages to people they KNEW could not afford them. Outright fraud was committed by numerous companies, they lied about people's incomes, or simply didn't ask the question. They took these fraudulent mortgages, bundled them into securities, and sold them to companies stupid enough to buy them. Now those companies want the taxpayers to bail them out- because they were stupid.
|