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2010-07-13 — nakedcapitalism.com
" People in Congress, except certain safe seat powerful Democrats, are afraid of touching the issue, because of the fear of being associated with deadbeats, but also because it is the explicit policy of the leadership of both parties and the administration to continue to squeeze as much blood from a stone as possible."
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catherine at 22:33 2010-07-13 said:
great article, ........we are getting used to this by now, aren't we? Same ole playbook, different quarter......... remember when it was all the fault of : those evil subprime people then it was the greedy evil mortgage people now it is the 'strategic defaulters' never ever the guys who sold the 1,000+ securitization of those mortgage products, sold over and over and over again all over the world........shhhhhhh...............or the regulators in Congress that were guarding that henhouse..........no let's go beat some homeowner that lost their home.......... there is no way to tell a 'strategic default' from a necessary one. We see how good we were at telling the 'good' borrower from the 'bad' borrower now are we going to trust a bank that 'missed' 10.7 billion dollars on their OWN BOOKS to tell us about other's motives............... Permalinkadd a comment | go to forum thread
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