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First recorded activity by BoatBanter: Jul 2006
Posts: 7,757
Default Buying mortgages

"Dave" wrote in message
...
On Wed, 24 Sep 2008 13:12:03 -0700, "Capt. JG"
said:

a modification. That's in part why the Dems want a judge to decide how
much
to steal from those pension funds, (and ultimately their pensioners)
etc.
when there's a bankruptcy.



I guess it isn't true then that banks made iffy loans to people who
couldn't
really afford them.


I'm sure you must have witnessed how the banks put guns to peoples' heads
to
force them take the money, and to lie on their applications.

Of course I exaggerate a bit. It was the mortgage brokers who were putting
those guns to peoples' heads.

Since the regs were pretty much dropped, I guess you
can't blame them for being greedy!


Which regulations are you referring to, Jon? Inquiring minds want to know.



Well, some probably came pretty close to doing that... people about to lose
their homes, people who needed to refi so they can stay in the house...

We've already gone through which regs.... suggest you do a google search!


--
"j" ganz @@
www.sailnow.com



 
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