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wrote in message ... On Sat, 04 Sep 2010 04:54:41 -0400, bpuharic wrote: gee. where is the center of the market located? uh, wall street, perhaps? So these guys must not have had anything to do with the crash then huh Bob? Goldman Sachs wall street Morgan Stanley 1585 Broadway New York, NY 10036 wall street... ... and R.I.P Lehman Brothers Holdings Inc. (LEH) 745 Seventh Avenue New York, NY 10019 wall street... see the wiki article you just arent very bright, are you? Since NONE of these companies are located on Wall Street it does call into question your rant. The fact that the loan companies who sold these toxic mortgages that crashed the economy are scattered across the entire USA, it makes your rant simplistic. I suppose you think home buyers who lied on loan forms are blameless too. This fraud was universal. Nobody is calling for charges against loan officers who enabled the fraud. Actually, many are and have been indicted for fraud. Here's an example: http://baltimore.fbi.gov/dojpressrel...0/ba030910.htm In fact, the loan companies were part of the problem, as were a individuals, but certainly not all of the latter. The fraud was not "universal." Some people were hoodwinked others deliberately lied, many just got in over their heads. The new regs will go a long way to prevent this going forward. Check out the new issue of Money. They have a nice synopsis of the laws and their effects. |
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