General Discussion
In reply to the discussion: I will donate $1000 to the DNC now if someone explains how G-S caused Lehman to fail. [View all]sabrina 1
(62,325 posts)with corruption in the Mortgage business which could have disastrous effects on the economy. Why do you think the FBI thought there was so much corruption in the Industry? And why did Bush protect that industry?
I know, you want so badly to blame the 'people' for everything that happened. They kicked people out of their homes who should not have been kicked out, because they were betting on them failing, and they couldn't have them succeed could they, with all that money at stake??
And they insured themselves, sometimes with more than one company, how many times did they collect on one failed mortgage? We don't know, do we, because no one has investigated this massive crime so far.
Eg, my friend lost her home, she could have paid a slightly reduced mortgage, after her husband's death then picked up again in a year or so. They wouldn't even talk to her, why? We could not understand it at the time, it made no sense, but NOW WE DO. NOW, they have tried to contact her, to 'make a deal' and so has the government. But now SHE'S not interested, she wants her day in court and she's going to get it. Not to mention, her situation has vastly improved and she has the means and the time to get justice. In each case like hers, and there are millions of them, more of their crimes are revealed, the forged documents they used to push people out of their homes, eg.
Stop trying to cover the crimes, they are being exposed despite all efforts to prevent that from happening. They created too many victims, and for decades those victims are going to be demanding justice.
You are fooling no one. We know too much already, and learn more each day about what caused this meltdown.
And yes, the repeal of all the regulations put in place to stop this, was a major reason why it happened despite all your denials to the contrary.