Re: 2nd Term Part X - A link to a fore gone conclusion
There was predatory lending going on. People can't be expected to read the leagelease on 500 forms and understand it. They relied on the experts they were talking to and the experts were telling them to do it. And as Kepler said, the watchdogs and the RATING AGENCIES especially were flat out lying to everybody. Lying is hard to see if you don't have a clue what you're looking for.
Add that to the President and his "push" for his "ownership" society economic agenda and you had a perfect storm.
<------And, yes, this is one of the guys who looked at the numbers every day and was smart enough to see it was vapor. Didn't matter though. My accumulated wealth went down with the ship along with many others.
Originally posted by Handyman
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Add that to the President and his "push" for his "ownership" society economic agenda and you had a perfect storm.
<------And, yes, this is one of the guys who looked at the numbers every day and was smart enough to see it was vapor. Didn't matter though. My accumulated wealth went down with the ship along with many others.
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