Re: Wake up people. The Fed's bailout just cost you personally $2,000.

 
you don't have a clue, do you?
You do know that the Feds(under Clinton) forced the the mortgage companies
to take on high risk loans so that "everybody" had the chance to buy a home.
Not just the ones that worked hard and that were actually qualified to buy
one.
My daughter works for countrywide, do you have a clue what it cost them to
foreclose?
They have 190,000 homes in foreclosure. Do you know how many they have tried
to work with so that they can keep their homes?
You idiots will be blaming bush for the next 20 years for everything
regardless of who is responsible.

 

The Fed is independent, fool.


LOL. The Fed can't force banks to lend.



I hope she's not one of those going to jail.
http://money.cnn.com/2008/03/08/news/companies/countrywide_FBI/index.htm?postversion  08031011
COuntrywide was corrupt and pushed loans and more expensive products
on the elderly and others not sophisticated enough to withstand their
high pressure sales.



They should have pondered that when they were  writing the loans. But
of course they pawned most of their loans off to others as fast as
they could write them. And misrepresented them to the buyers.
http://money.cnn.com/2008/03/08/news/companies/countrywide_FBI/index.htm?postversion  08031011


But Clinton!!! LOL.  You don't think Bush's economic and tax policy
brought about this house of cards? well you see countrywide as a
victim so I guess anything is possible. And when your daughter loses
her job it'll be Clinton's fault and the democrats for you, while the
rest of the world knows this is the return for your support for this
corrupt incompetent administration.

 ChairMan wrote:

   Let's see, when those bad loans resulted in record home ownership
Bush took credit for it.