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No more hedging by banks
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<blockquote data-quote="unionman" data-source="post: 678666" data-attributes="member: 21107"><p>I admit that the ball was dropped by Frank, but I think is intentions were good, to help poor people get loans. That is only part of the massive picture of securities fraud that was rampant all through the Bush administration. A friend of mine use to put pamphlets in the doorways of apartment buildings, which is illegal, and he would get calls from people and take them into new developments to look at new homes. He was making 30 grand a month because he would get 3000 for every person that bought one of those houses. These people couldn't buy a car let alone a house but they got the house no problem. Everybody was making money all the way to the top and nobody cared what would happen.</p></blockquote><p></p>
[QUOTE="unionman, post: 678666, member: 21107"] I admit that the ball was dropped by Frank, but I think is intentions were good, to help poor people get loans. That is only part of the massive picture of securities fraud that was rampant all through the Bush administration. A friend of mine use to put pamphlets in the doorways of apartment buildings, which is illegal, and he would get calls from people and take them into new developments to look at new homes. He was making 30 grand a month because he would get 3000 for every person that bought one of those houses. These people couldn't buy a car let alone a house but they got the house no problem. Everybody was making money all the way to the top and nobody cared what would happen. [/QUOTE]
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