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To: LomanBill

So, my guess is that you or some you know used their home as an ATM and is getting screwed.

I am sorry about that.

But you are falling prey to the standard crap from the left. The bankers that work hard to generate mortgages and small business loans have kept this country going. You can fill the pages here with stories such as this. But there are millions in the industry. And vast, vast majority are ethical and hard working.

The thing that got us into this problem, throughout the economy, was greed and jealousy. We would see idiots come in and try to mortgage the last nickel out of their equity to buy a car. Long term finance of short term expenses is always a bad idea.

And now, folks like you that got burned by your greed are jealous that people who work hard and are smart, are making money even in a down market.

I feel bad for you. Oh, wait. No I dont.


13 posted on 10/15/2010 11:17:09 AM PDT by Vermont Lt (We are so screwed.)
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To: Vermont Lt
[The bankers that work hard to generate mortgages and small business loans have kept this country going.]
 
LOL.  You actually believe that don't you?

When "bankers" were actually the ones creating mortgages by lending what their DEPOSITORS had entrusted them with, that might have been true.   Jimmy Stewart and A Wonderful Life it WAS.
 

Since the early 90's however, the process of manufacturing mortgages has been gamed AT EVERY LEVEL OF THE PROCESS - from borrower and origination, through securitization, insurance (AIG), and associated derivative a$$paper generation.
 
That's not "A Wonderful Life" - it's a systemicaly corrupt PONZI SCHEME being gamed by a kleptocratic Apparatchik elite  who are Empower(tm)ed by techocratic useful idiots - many of whom are coerced into H1B servitude by having their feet dangled over the fires of poverty and the Indian Caste system.
 
Tata.
 
 

15 posted on 10/15/2010 11:43:10 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Vermont Lt

>>So, my guess is

Wrong.


16 posted on 10/15/2010 11:49:05 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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