Ravi
Diamond Member
Too be fair, most people never learned critical thinking skills so can only trot out tired, knee-jerk sayings. If Rush says that the world economy collapsed because some people couldn't pay their mortgages then dammit! that is exactly what happened. Mortgage backed securities? WTF are they???I see most of the people on the thread didn't understand what the sign was getting at.
They absolutely don't.
The wrongdoing the sign is addressing is NOT the issuing of a mortgage.
It IS the issuing of a mortgage-backed security.
THEREFORE, whose responsibility it is that a mortgage was issued that then defaulted, has NOTHING to do with the sign.
Please go back, re-read for comprehension, and then resume.
You're welcome.