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Originally Posted by shabarivas Love how we nicely forget about the people responsible for leaving us in this situation in the first place... the elite few who made away with

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Old 04-22-2009, 01:44 PM   #1 (permalink)
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Love how we nicely forget about the people responsible for leaving us in this situation in the first place... the elite few who made away with the loot... Law of conservation of wealth people... it does not disappear... just moves hands
The primary driver for the recession is a very large amount of housing loan defaults. The banks got left holding the bag after paying off the builders when the borrowers could no longer pay them back. AIG and the like are getting killed on insuring these loans that went bad. Who are "the elite few who made off with the loot"?
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Old 04-22-2009, 01:56 PM   #2 (permalink)
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The primary driver for the recession is a very large amount of housing loan defaults. The banks got left holding the bag after paying off the builders when the borrowers could no longer pay them back. AIG and the like are getting killed on insuring these loans that went bad. Who are "the elite few who made off with the loot"?
Please see page two of this thread

edit:
current news: Freddie Mac CFO found dead in apparent suicide.
Last edited by XBadgerX; 04-22-2009 at 02:14 PM.
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