September 17, 2010 at 8:46 pm
#703624
Smitty
Participant
“which btw was controlled by the Bush babies at the time the loans in question were made…”
Agreed.
It also didn’t help when Clinton threatened the mortgage industry with the CRA and all the scrutiny that comes with it.
“you don’t think that making bad loans and repackaging them as top class securities and then talking insurance companies into insuring the bank’s risk while spreading the exposure to toxic loans across America’s pension systems had anything to do with the economic crisis?”
Cart, meet horse.
“where was it you got that business education of yours?”
From the same school that taught me to cut expenses (including labor) as soon as you smell a recession. Your competitor is certainly going to do it.