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sylvester80

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sylvester80

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Re: joseywalestx post# 495057

Wednesday, 06/23/2010 11:13:03 AM

Wednesday, June 23, 2010 11:13:03 AM

Post# of 495952
The mess did NOT get created because of normal full-doc fixed loans. It was created because of LIAR (ALT-A) loans and other exotic 100% loans I(subprime, negative amortization etc..)... these are all the loans that your CAPITALISTS (wall street banks) were pushing with DOUBLE the bonus for mortgage originators to push people to these loans instead of fixed loans. I lived in Nevada and Arizona from 2000 to 2008 so I saw it first hand...

"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

"Those Who Would Sacrifice Liberty for Security Deserve Neither." -Benjamin Franklin

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