|
Printer-friendly format Email this thread to a friend Bookmark this thread |
This topic is archived. |
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
FiveGoodMen (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:07 PM Original message |
Shocking Fraud from Financial Scum |
Printer Friendly | Permalink | | Top |
kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:11 PM Response to Original message |
1. Is it criminal? |
Printer Friendly | Permalink | | Top |
RUMMYisFROSTED (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:16 PM Response to Reply #1 |
3. :) |
Printer Friendly | Permalink | | Top |
FiveGoodMen (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:16 PM Response to Reply #1 |
4. The linked article is pretty clear that most of it is legal although it shouldn't be. |
Printer Friendly | Permalink | | Top |
kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:19 PM Response to Reply #4 |
6. First thing they did was to get fake AAA ratings on the stocks.... |
Printer Friendly | Permalink | | Top |
Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:25 PM Response to Reply #6 |
9. That's why Moody's is central to this scandal |
Printer Friendly | Permalink | | Top |
kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:44 PM Response to Reply #9 |
13. Excellent point! |
Printer Friendly | Permalink | | Top |
Dappleganger (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:12 PM Response to Original message |
2. Fits right in with Lewis' "The Big Short" |
Printer Friendly | Permalink | | Top |
Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:18 PM Response to Original message |
5. horribly corrupt thing to do... money at any cost |
Printer Friendly | Permalink | | Top |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:21 PM Response to Original message |
7. 2006 - As Homeowners Face Strains, Market Bets on Loan Defaults |
Printer Friendly | Permalink | | Top |
county worker (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:26 PM Response to Reply #7 |
10. and giving people no other option ? What does that mean? |
Printer Friendly | Permalink | | Top |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:35 PM Response to Reply #10 |
11. It's a scam |
Printer Friendly | Permalink | | Top |
county worker (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:39 PM Response to Reply #11 |
12. People like me? I would never have signed for a loan and I would never force someone else to. |
Printer Friendly | Permalink | | Top |
kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:47 PM Response to Reply #12 |
14. Of course he found a lender. |
Printer Friendly | Permalink | | Top |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 03:42 PM Response to Reply #12 |
18. A 23 year old knows he's not getting an honest loan????? |
Printer Friendly | Permalink | | Top |
county worker (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 04:57 PM Response to Reply #18 |
20. I don't want to argue the point anymore but only to say this. |
Printer Friendly | Permalink | | Top |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Apr-21-10 12:33 AM Response to Reply #20 |
25. No. Past generations relied on LAWS |
Printer Friendly | Permalink | | Top |
county worker (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:25 PM Response to Original message |
8. There was great pressure on underwriters to write these loans that they knew would fail. |
Printer Friendly | Permalink | | Top |
ljm2002 (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 02:47 PM Response to Reply #8 |
15. People don't buy homes that often... |
Printer Friendly | Permalink | | Top |
alstephenson (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 03:11 PM Response to Reply #15 |
17. Yes, you're absolutely right. |
Printer Friendly | Permalink | | Top |
Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 03:08 PM Response to Reply #8 |
16. As the scam developed, creative financing came into the mix |
Printer Friendly | Permalink | | Top |
county worker (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 05:13 PM Response to Reply #16 |
22. Think about this. |
Printer Friendly | Permalink | | Top |
Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 05:48 PM Response to Reply #22 |
23. You're forgetting the rest of the sales pitch |
Printer Friendly | Permalink | | Top |
county worker (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 05:52 PM Response to Reply #23 |
24. "Focus on the perps for a change" I focused on the perps every time I saw a commercial on TV. |
Printer Friendly | Permalink | | Top |
jeanpalmer (1000+ posts) Send PM | Profile | Ignore | Wed Apr-21-10 04:35 AM Response to Reply #23 |
26. The sales pitch |
Printer Friendly | Permalink | | Top |
Warpy (1000+ posts) Send PM | Profile | Ignore | Wed Apr-21-10 12:57 PM Response to Reply #26 |
28. Right, and people who weren't in areas where it didn't happen |
Printer Friendly | Permalink | | Top |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 03:47 PM Response to Reply #8 |
19. They could afford to pay for it |
Printer Friendly | Permalink | | Top |
county worker (1000+ posts) Send PM | Profile | Ignore | Tue Apr-20-10 05:00 PM Response to Reply #19 |
21. That is a crook of shit. |
Printer Friendly | Permalink | | Top |
dkf (1000+ posts) Send PM | Profile | Ignore | Wed Apr-21-10 05:13 AM Response to Original message |
27. Would any of the proposals make this illegal? |
Printer Friendly | Permalink | | Top |
DU AdBot (1000+ posts) | Sat May 04th 2024, 08:24 AM Response to Original message |
Advertisements [?] |
Top |
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.
Home | Discussion Forums | Journals | Store | Donate
About DU | Contact Us | Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.
© 2001 - 2011 Democratic Underground, LLC