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How does your local economy feel?

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How does your local economy feel?
Guest
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#48
09-24-2008, 09:56 PM
The coming crash is a precipitant of governmental meddling in the mortgage business.

Some politicians pushed through policy that forced lenders to give mortgage loans to people that were insolvent.

I actually met a guy the other day that made a fortune buying really dumpy shacks, fixing them up and selling them to poor people at inflated values (owner finance) then after a time he'd sell the paper to Freddie or Fannie.

The corrupt CEOs of those companies just wanted more property on the books because that would make the value of holdings look bigger and that was how they could get there insanely huge bonuses even bigger.

I wont mention the political affiliation of the people that were CEOs of Fred and Fannie or which campaign they work for now, but here are the top politicians that took the most donations from Freddie and Fannie:
#1 Chris Dodd

#2 John Kerry

#3 Barack Obama

#4 HIllary Clinton
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Messages In This Thread
RE: How does your local economy feel? - by Guest - 09-20-2008, 11:31 AM
RE: How does your local economy feel? - by JWFITZ - 09-20-2008, 11:50 AM
RE: How does your local economy feel? - by Guest - 09-20-2008, 12:15 PM
RE: How does your local economy feel? - by Guest - 09-20-2008, 02:20 PM
RE: How does your local economy feel? - by Andy - 09-21-2008, 12:39 AM
RE: How does your local economy feel? - by Kelena - 09-21-2008, 03:06 AM
RE: How does your local economy feel? - by JWFITZ - 09-21-2008, 04:07 AM
RE: How does your local economy feel? - by Lin W - 09-21-2008, 05:24 AM
RE: How does your local economy feel? - by hpp4me - 09-22-2008, 06:50 AM
RE: How does your local economy feel? - by Guest - 09-22-2008, 06:53 AM
RE: How does your local economy feel? - by JWFITZ - 09-22-2008, 12:05 PM
RE: How does your local economy feel? - by JWFITZ - 09-22-2008, 12:10 PM
RE: How does your local economy feel? - by hpp4me - 09-23-2008, 02:23 AM
RE: How does your local economy feel? - by oink - 09-23-2008, 02:57 AM
RE: How does your local economy feel? - by Guest - 09-23-2008, 03:42 AM
RE: How does your local economy feel? - by Lee G - 09-23-2008, 11:58 AM
RE: How does your local economy feel? - by Brent - 09-23-2008, 02:07 PM
RE: How does your local economy feel? - by hpp4me - 09-24-2008, 06:57 AM
RE: How does your local economy feel? - by Guest - 09-24-2008, 09:56 PM
RE: How does your local economy feel? - by Guest - 09-24-2008, 10:10 PM
RE: How does your local economy feel? - by Dave M - 09-25-2008, 12:57 AM
RE: How does your local economy feel? - by aprild - 09-25-2008, 07:14 AM
RE: How does your local economy feel? - by Guest - 09-25-2008, 07:53 AM
RE: How does your local economy feel? - by hikatz - 09-25-2008, 08:41 AM
RE: How does your local economy feel? - by JWFITZ - 09-25-2008, 09:51 AM
RE: How does your local economy feel? - by JWFITZ - 09-25-2008, 10:09 AM
RE: How does your local economy feel? - by JWFITZ - 09-25-2008, 10:32 AM
RE: How does your local economy feel? - by Dave M - 09-25-2008, 11:31 AM
RE: How does your local economy feel? - by Guest - 09-25-2008, 11:40 AM
RE: How does your local economy feel? - by JWFITZ - 09-25-2008, 11:42 AM
RE: How does your local economy feel? - by Guest - 09-25-2008, 12:14 PM
RE: How does your local economy feel? - by Dave M - 09-25-2008, 12:46 PM
RE: How does your local economy feel? - by Guest - 09-25-2008, 10:55 PM
RE: How does your local economy feel? - by aprild - 09-26-2008, 07:47 AM
RE: How does your local economy feel? - by JWFITZ - 09-26-2008, 08:30 AM
RE: How does your local economy feel? - by Guest - 09-26-2008, 01:29 PM
RE: How does your local economy feel? - by Guest - 09-26-2008, 01:40 PM
RE: How does your local economy feel? - by aprild - 09-28-2008, 07:49 AM
RE: How does your local economy feel? - by Guest - 09-29-2008, 02:22 AM
RE: How does your local economy feel? - by gtill - 09-29-2008, 04:43 AM

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