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mexicanjester (June 9, 2008 at 8:57 pm)
Really interesting stuff. I hadn't thought much beyond what the media said about this whole mess, but this sounds much more plausible to me.
09ernie1957 (April 19, 2008 at 3:49 am)
I agree...
09ernie1957 (April 19, 2008 at 3:48 am)
I'm not suprised....
ZELPHOR (April 2, 2008 at 4:45 am)
I heard that Spitzer was caught because of the Patriot Act.I thought that was for intel on terrorists not some guy buying a piece of ass. also it was said that more than 3 million regular american citizens were spied on under the guise of being involved in Questionable groups one such group was a veterans org helping combat vets from Iraq
specifictender (March 31, 2008 at 8:08 pm)
Elliot Spitzer was going after the Bush admin for not allowing laws to be enforced that would have prevented this crisis. Low and behold he was taken down.
specifictender (March 28, 2008 at 8:12 pm)
Your explanation is part of the story. The big story here is investment bankers pushing predatory loans. They(Countrywide) knew that when the interest rate went up on these mortgages, the people would not be able to pay. The Bush administration did not enforce existing laws that would have prevented some of these loans from ever being made.
davincij15 (March 25, 2008 at 5:53 pm)
Here's the thing. The Federal Reserve is a fraud. It got passed by 3 congressman's and a prez. Look it up. So any smart person would look at that and say hey, if they can do it why can't I. The federal reserve system creates this monster as credit must be expanded exponentially, as money only exists when a loan is given. However the money to cover the interest payments are not created. Thus some where some one less must take out a loan.The builders will not get in trouble.
GrantCardone (March 13, 2008 at 9:37 pm)
get this video to major newspapers and then get me to go and testify to congress...gc
nikolasvice (February 6, 2008 at 5:00 am)
This is interesting. I was wondering how this situation got to the point it did...I like the different viewpoint...
omerta25 (January 31, 2008 at 1:44 am)
this is so true! they were doing that, developers! I knew so many people who were getting rich off building huge condo buildings that no one ever lived in and didnt really want. I support your position the developers need to be controlled! |
