On Jan 18, 2012, at 10:31 AM, Mugsy Lunsford wrote: > > "The banks not only wanted to give out these loans, they wanted to give them > out at the speed of light. They wanted to crank them out so fast that their > own auditors literally couldn't read the writing on the loan applications. > This was greed, not policy. Anybody who says anything else is high on > something." > > Read more: > http://www.rollingstone.com/politics/blogs/taibblog/everything-you-need-to-know-about-wall-street-in-one-brief-tale-20120113
"Conservative" responses in in four descending posts: But-but-but Jimmy Carter!! ACORN!!! CRA!! Fannie Mae!! Freddie Mac!! IT'S ALL BARNEY FRANK'S FAULT!!!!!!! We cannot look back, what is in the past is in the past! This is just envy for the wealthy, who got that way through hard work, and better genes than the rest of you lazy slacker moochers! We should have let them all fail. Who cares that we'd all be living in some Max-Max hellhole of a shattered world economy, the hippies will have been punched! (A variation on JP Morgan's self-serving advice to Hoover "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate, It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.." which is in itself merely a variation on the Albigensian Crusade's Papal legate; "Kill them all. God will know his own", as he gave the crusaders permission to slaughter the entire population of Beziers, France...) -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
