 |
|
||||||
 |
|
|||||
 |
 |
 |
 |
 |
 |
 |
 |
|
|
||||||
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
#1
01-04-2009, 03:50 PM
|
|||
|
|||
Hobby Panic in 2009
Posted By: boxingcardman
Is that by securitizing the loans the rational plan for the makers of these loans was to make as many loans as possible as rapidly as possible to anyone they could so as to generate the fees and the raw grist for the bundled securities mills. To say that the borrowers should have exercised restraint and not lived beyond their means as the explanation of the debacle is to oversimplify the situation and allow the most educated, most expert participants in the mess off the hook. Read this article on WaMU's practices and see if you still want to blame the borrowers for everything; the lenders knew precisely what they were doing--they didn't care because it did not pay to care: 
|
 |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Pre Hobby Panic in 2009 Under $50 Bridge Jumper Sale | Archive | Tobacco (T) cards, except T206 B/S/T | 1 | 01-14-2009 08:14 AM |
| Pre Hobby Panic in 2009 Under $50 Bridge Jumper Sale | Archive | Pre-WWII cards (E, D, M, etc..) B/S/T | 5 | 01-05-2009 05:23 PM |
| Pre Hobby Panic in 2009 Under $50 Bridge Jumper Sale | Archive | 1920 to 1949 Baseball cards- B/S/T | 0 | 01-03-2009 10:35 AM |
| 2009 Standard Catalogue Help | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 2 | 11-05-2008 09:00 AM |
| 2009 Standard Catalog | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 11 | 10-13-2008 11:07 AM |
Hybrid Mode
