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How wall street blew up the housing market
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". |
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