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To: Attention Surplus Disorder
I sincerely meant no malice toward you. I was merely trying to point out how some here seem to refuse to learn the true reasons for things, and rather, immediately presume there is something still occurring. The mortgage industry today is so damn regulated, I believe it would be very difficult to replicate the mess of the 90s and first seven to eight years of this century.

Peace

ig

18 posted on 04/25/2016 6:59:37 AM PDT by irish guard
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To: irish guard

I took no malice at all. Making all them bad loans was dumb, and I am sure the Gorelicks and the Raines of the world had no idea it would turn into an world-upending s**tstorm. They weren’t smart enough. The bankers, the wiseguys, you know, the guys hauled in front of Maxine Waters and Barney so she/they can think she is smarter than they are after 5 minutes of testimony as to sophisticated interest rate and default swaps...they too were among the geniuses who put the thing together.

Normally, when you haul a truckload of crap to the dump you have to pay to dump it. That era reversed things, you actually got paid to haul your load to the dump.

It would be an interesting experiment to pay people to haul crap to the dump. I mean, at the entrance to the dump. Would people clean up the streets, their neighborhoods? Some would.


20 posted on 04/25/2016 7:40:11 AM PDT by Attention Surplus Disorder (I apologize for not apologizing.)
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