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FiveGoodMen
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Tue Apr-20-10 02:07 PM Original message |
Shocking Fraud from Financial Scum |
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kentuck
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Tue Apr-20-10 02:11 PM Response to Original message |
1. Is it criminal? |
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RUMMYisFROSTED
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Tue Apr-20-10 02:16 PM Response to Reply #1 |
3. :) |
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FiveGoodMen
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Tue Apr-20-10 02:16 PM Response to Reply #1 |
4. The linked article is pretty clear that most of it is legal although it shouldn't be. |
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kentuck
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Tue Apr-20-10 02:19 PM Response to Reply #4 |
6. First thing they did was to get fake AAA ratings on the stocks.... |
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Warpy
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Tue Apr-20-10 02:25 PM Response to Reply #6 |
9. That's why Moody's is central to this scandal |
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kentuck
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Tue Apr-20-10 02:44 PM Response to Reply #9 |
13. Excellent point! |
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Dappleganger
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Tue Apr-20-10 02:12 PM Response to Original message |
2. Fits right in with Lewis' "The Big Short" |
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Liberal_in_LA
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Tue Apr-20-10 02:18 PM Response to Original message |
5. horribly corrupt thing to do... money at any cost |
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sandnsea
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Tue Apr-20-10 02:21 PM Response to Original message |
7. 2006 - As Homeowners Face Strains, Market Bets on Loan Defaults |
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county worker
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Tue Apr-20-10 02:26 PM Response to Reply #7 |
10. and giving people no other option ? What does that mean? |
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sandnsea
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Tue Apr-20-10 02:35 PM Response to Reply #10 |
11. It's a scam |
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county worker
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Tue Apr-20-10 02:39 PM Response to Reply #11 |
12. People like me? I would never have signed for a loan and I would never force someone else to. |
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kentuck
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Tue Apr-20-10 02:47 PM Response to Reply #12 |
14. Of course he found a lender. |
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sandnsea
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Tue Apr-20-10 03:42 PM Response to Reply #12 |
18. A 23 year old knows he's not getting an honest loan????? |
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county worker
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Tue Apr-20-10 04:57 PM Response to Reply #18 |
20. I don't want to argue the point anymore but only to say this. |
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sandnsea
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Wed Apr-21-10 12:33 AM Response to Reply #20 |
25. No. Past generations relied on LAWS |
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county worker
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Tue Apr-20-10 02:25 PM Response to Original message |
8. There was great pressure on underwriters to write these loans that they knew would fail. |
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ljm2002
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Tue Apr-20-10 02:47 PM Response to Reply #8 |
15. People don't buy homes that often... |
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alstephenson
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Tue Apr-20-10 03:11 PM Response to Reply #15 |
17. Yes, you're absolutely right. |
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Warpy
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Tue Apr-20-10 03:08 PM Response to Reply #8 |
16. As the scam developed, creative financing came into the mix |
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county worker
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Tue Apr-20-10 05:13 PM Response to Reply #16 |
22. Think about this. |
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Warpy
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Tue Apr-20-10 05:48 PM Response to Reply #22 |
23. You're forgetting the rest of the sales pitch |
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county worker
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Tue Apr-20-10 05:52 PM Response to Reply #23 |
24. "Focus on the perps for a change" I focused on the perps every time I saw a commercial on TV. |
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jeanpalmer
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Wed Apr-21-10 04:35 AM Response to Reply #23 |
26. The sales pitch |
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Warpy
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Wed Apr-21-10 12:57 PM Response to Reply #26 |
28. Right, and people who weren't in areas where it didn't happen |
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sandnsea
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Tue Apr-20-10 03:47 PM Response to Reply #8 |
19. They could afford to pay for it |
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county worker
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Tue Apr-20-10 05:00 PM Response to Reply #19 |
21. That is a crook of shit. |
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dkf
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Wed Apr-21-10 05:13 AM Response to Original message |
27. Would any of the proposals make this illegal? |
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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
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