Monday, November 28, 2011

THE MORTGAGE CRISIS -THE REAL STORY

The REAL STORY None of the classic institutions the right wing like to blame for the mortgage collapse are shown to be the problem in this piece, yes ,with numbers and graphs that make it clear. It's a long article and it's known that most won'r read it thru, but you should if your going to place blame on the people, Congress, democrats, Fannie and Freddie at least read and find out the real culprits were private lenders subject to no government regulations...
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2 comments:

  1. AnonymousNovember 28, 2011 at 6:32 PM

    Excellent read.

    It would be interesting to know in hindsight which of our representatives were bribed (and when.)

    It is not possible to pull off a swindle of this magnitude without manipulating the law.


    ~Heidi

    ReplyDelete
  2. JuniorNovember 29, 2011 at 3:12 PM

    From Wall St. to Main St: banksta, banksta, banksta

    ReplyDelete

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