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Toxic
by Rob B. - 10/04/26 02:16 PM
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Afro Pop
by Raymond Byabazaire - 10/01/26 12:39 PM
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Afro Pop
by Raymond Byabazaire - 10/01/26 12:38 PM
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Gone
by Michael W. Brown - 09/30/26 07:17 PM
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Mara Cole
by Gary E. Andrews - 09/30/26 01:32 PM
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Joined: Feb 2007
Posts: 10,943 Likes: 3
Top 10 Poster
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Top 10 Poster
Joined: Feb 2007
Posts: 10,943 Likes: 3 |
"... Now where does the Predatory part fit in? ... "
I shouldn't get involved (ha, ha). The predatory part is where the mortgage folks discovered they could make a fortune knowingly loaning money to people who would never be able to pay their loans once the merry-go-round stopped. Then they sold those toxic loans bundled as "safe" investments to unsuspecting mutual funds and retirement funds (OK, the brokers were getting their kickbacks).
Are the folks who gambled on getting a home at minimum hoping that their ship would sail before it sank? Well, of course they are. But it doesn't mean the money makers were innocent. ... and yes, the government encouraged those stupid loans. Lots of blame to go around. Have we learned our lessons. No, I don't think we have.
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