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Edison NJ
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<blockquote data-quote="bluehdmc" data-source="post: 634677" data-attributes="member: 18471"><p>Greed of bankers, aig, etc. had nothing to do with it? </p><p>Didn't they package up all those risky investmensts to make a profit for themselves? </p><p>"Creative Financing"</p><p>A realtor doesn't really care if they sell someone a house they can't afford. They get their commission from the original sale, then when it get's foreclosed on, they collect from the leinholder for cleaning, winterizing, and marketing the foreclosed property again. </p><p>Try reading this:<a href="http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877323,00.html" target="_blank">http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877323,00.html</a></p><p>I don't see "free education, welfare, food stamps" or any of those items mentioned. </p><p>I see more names of people in charge of the SEC, Standard and Poor's, Lehman Brothers, banks etc. </p><p>Maybe a little greed on their part had something to do with it? </p><p>The "Liberal social policies" "pushed" banks into making questionable loans, or was it the fat commissions the bankers got from making the loans and selling them off? </p><p>I guess we'd be better off having people sell apples on the corner like during the depression than to have food stamps? </p><p>I'm not saying there aren't abuses in these programs, there is an article today about fraud in medicare. Which is better, 10% fraud and 90% of people getting healthcare or 0% fraud and 0% healthcare for the elderly etc?</p></blockquote><p></p>
[QUOTE="bluehdmc, post: 634677, member: 18471"] Greed of bankers, aig, etc. had nothing to do with it? Didn't they package up all those risky investmensts to make a profit for themselves? "Creative Financing" A realtor doesn't really care if they sell someone a house they can't afford. They get their commission from the original sale, then when it get's foreclosed on, they collect from the leinholder for cleaning, winterizing, and marketing the foreclosed property again. Try reading this:[url]http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877323,00.html[/url] I don't see "free education, welfare, food stamps" or any of those items mentioned. I see more names of people in charge of the SEC, Standard and Poor's, Lehman Brothers, banks etc. Maybe a little greed on their part had something to do with it? The "Liberal social policies" "pushed" banks into making questionable loans, or was it the fat commissions the bankers got from making the loans and selling them off? I guess we'd be better off having people sell apples on the corner like during the depression than to have food stamps? I'm not saying there aren't abuses in these programs, there is an article today about fraud in medicare. Which is better, 10% fraud and 90% of people getting healthcare or 0% fraud and 0% healthcare for the elderly etc? [/QUOTE]
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