Thread: How wall street blew up the housing market
View Single Post
  #13   Report Post  
posted to rec.boats
bpuharic bpuharic is offline
external usenet poster
  
First recorded activity by BoatBanter: Dec 2009
Posts: 4,106
Default How wall street blew up the housing market
On Sat, 28 Aug 2010 23:31:40 -0400, Larry
wrote:

bpuharic wrote:
On Sat, 28 Aug 2010 21:50:01 -0400,
wrote:


bpuharic wrote:

On Sat, 28 Aug 2010 11:43:47 -0400, wrote:


STOLE THE FREAKIN' ECONOMY!



and people were not paying attention to where the money was coming
from. There was plenty of greed to go around. What about those yuppies
house flippers who were borrowing 99% of the home price, hoping they
would never have to make a payment or the ones with the 125% home
equity loans?
There were some people who knew this was going to crash. The smart
builders were scaling back in 2006.


well golly. if people were so smart why are we in the condition we're
in?


Define "wall street" in your own words...

ever hear of morgan stanley?


Sure, but they aren't "Wall Street".

why? did he work in botswana?
Reply With QuoteReply With Quote