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Porsche-O-Phile Porsche-O-Phile is offline
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Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
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The lenders weren't the only ones that were scumbags. The borrowers, the brokers, the realtors, the appraisers and in many cases even the sellers were all party to the stupidity that's now coming home to roost. They all had their roles to play and they're all culpable to varying degrees - in addition to the bankers that bundled, "rated" and traded these mortgage-backed securities. I have very little respect for any of them and I seriously hope that there are deep and long-lasting investigations into the behavior of all of them - and that many get hit with hard jail time for fraud on top of the financial losses they're suffering. They deserve nothing less.

I honestly hope the FBI starts kicking in doors and hauling people off. I really do.
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Black Cars Matter
Old 09-24-2008, 06:45 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #12 (permalink)