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jdaasoc

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jdaasoc

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Re: dec212012 post# 106122

Tuesday, 08/07/2007 9:21:11 AM

Tuesday, August 07, 2007 9:21:11 AM

Post# of 148479
Previous Congress got what they wanted by clipping the wings on the GSE's power to underwrite large amounts of good loans claiming the earnings smoothing scandal as the justification.

Big banks clamored to fill the void created by legislation and also looking for big profits got greedy by selling loans to many people who were clearly not capable of paying back those loans.

Now the big banks are looking for GSE's to get their backsides out of the fire.

Unbelievable
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