700 Billion Dollar bailout gets burned

UnderPhire

Well-Known Member
rofl.... you made your bed, now sleep in it. When there are problems on main street its not a federal problem, business is business, if the larger mortgage companies bit off more they can chew then r.i.p Serves them right for taking advantage of a crippled economy with low rates, bottom line people got house loans that should not have, now they can't pay, not our problem, it's yours.
 

loveformetal1

Well-Known Member
Um no, it was the little companies which boned the bigger guys with no consequence to themselves.
They took loans without checking to see if the borrower could pay it off, and sold the loans to bigger companies in bundles.
They didn't care if people could pay their loan off.. Once they sold the loans to the big guys, it was no longer in their hands. They had profited already.
 
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