The mortgage brokers got all their fees up front, and the banks never come back to the brokers to take back fees when the home owner goes belly-up.
--- [EMAIL PROTECTED] wrote: > David wrote: > > >It is all a result of Dubya's call for everyone to > own a house. > > It's interesting how some people want to blame > everything on W, as if we would not have any > problems without him. The fact is we have two > parties in this country... the pro-abortion > corporate party and the anti-abortion corporate > party. They are both in bed with the corps... in > this case lenders greedy to sell loans to people > they knew couldn't afford them. They got their > fees, etc. and sold the loans off to > semi-unsuspecting investors like pension funds and > the like. The point is that the people selling the > loans were not the ones who had to service them, so > there was no concern for the longer term > implications. > > Also, do you have statistics to back up your claim > that they were primarily Mexicans or is that one of > your prejudices? > > -- > Larry Miller > > --- StripMime Report -- processed MIME parts --- > multipart/mixed > multipart/alternative > text/plain (text body -- kept) > text/html > message/rfc822 > --- > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: > http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, > are the opinions of the author, and do not > constitute legal or medical advice. This statement > is added to the messages for those lawyers who are > too stupid to see the obvious. > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
