View Single Post
Old 10-29-2011, 06:28 AM  
TheSquealer
Mayor of Thneedville
 
TheSquealer's Avatar
 
Industry Role:
Join Date: Oct 2004
Posts: 25,637
Yeah... right wing this, republicans that... blah blah blah. Of course when its happening under a democratic president like Clinton, he's just doing the lords work

Give me a fucking break

Banks don't assess risk when it comes to mortgages. The markets do. Loans are sold. The markets determine what level of risk is tolerable. The markets determine the types of loans. The markets determine interest rates. The problems were system wide and global, not just because of some idiotic and simplistic idea of "greedy bankers" who prey on the innocent.

You'd know all this if you had the slightest clue how mortgages work.
__________________
.
Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

Rochard
TheSquealer is online now   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote