Pre-Warnings of Housing Market/Financial Crisis
03-06-2009 | 08:22 PM
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If this is ever investigated, plenty of Dem's are going down HARD!!! Chris Dodd, Barney Franks....the list goes on.
This is all common knowledge but for some reason has not been brought up by the mainstream media.
http://www.portfolio.com/news-markets/top-...de-Loan-Scandal
This is all common knowledge but for some reason has not been brought up by the mainstream media.
http://www.portfolio.com/news-markets/top-...de-Loan-Scandal
03-08-2009 | 04:52 PM
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03-08-2009 | 05:06 PM
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jump on hulu.com and watch the cnbc special "House of Cards"
03-09-2009 | 08:21 AM
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Originally Posted by GENEaTALS' post='811070' date='Mar 8 2009, 09:06 PM
jump on hulu.com and watch the cnbc special "House of Cards"
Reading Time magazine on the way back from a short vacation to Nashville, TN. yesterday, the author of an article stated that only 7% of the home mortgages are in trouble but when these 7% are chopped up into Mortgage Bonds then further chopped into CDO's the losses top out at 59%.
Which leads me to this segway; I am sick and tired of hearing these banks state "we have to pay large salaries and bonuses to hold onto our talent"; if this is what your "talent" does, or in this case, did, they would be better off flipping burgers or digging a ditch; not being in charge of finances.
03-09-2009 | 12:56 PM
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Originally Posted by garylewa' post='811527' date='Mar 9 2009, 12:21 PM
I watched it on CNBC. Its maddening and sick!! A guy makes $500 a week and receives a loan to buy a property valued at over $600,000.00 without an employment or credit check????? And to think Wall Street was giving these so-called "loan officers" around $500 million a month to loan out. Why or how am I any way responsible for this behavior???? Greenspan then states there was "no way to stop it"! Are you kidding me?? And don't even get me started on the rating agencies; these ass-clowns should also be jail-sexed!
Reading Time magazine on the way back from a short vacation to Nashville, TN. yesterday, the author of an article stated that only 7% of the home mortgages are in trouble but when these 7% are chopped up into Mortgage Bonds then further chopped into CDO's the losses top out at 59%.
Which leads me to this segway; I am sick and tired of hearing these banks state "we have to pay large salaries and bonuses to hold onto our talent"; if this is what your "talent" does, or in this case, did, they would be better off flipping burgers or digging a ditch; not being in charge of finances.
Reading Time magazine on the way back from a short vacation to Nashville, TN. yesterday, the author of an article stated that only 7% of the home mortgages are in trouble but when these 7% are chopped up into Mortgage Bonds then further chopped into CDO's the losses top out at 59%.
Which leads me to this segway; I am sick and tired of hearing these banks state "we have to pay large salaries and bonuses to hold onto our talent"; if this is what your "talent" does, or in this case, did, they would be better off flipping burgers or digging a ditch; not being in charge of finances.
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