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- #61
Tell me how those entities were responsible for writing the subprimes that were above and beyond what the gov program required?
Tell me how those entities were responsible for rolling those very subprimes into securities that had never before contained such dogshit?
Now explain in detail what that SEC annoucment I provided you means.
You cant.
All you can do is post bullshit from someone elses brain.
You are a partisan hack because you have NO information yourself and merely buy into what someone else tells you without any idea what it really menas.
No information?
like you have any information that means anything?
I am going to say this again
Sub Prime loans where made legally
those loans being rolled up and being rated by the rating agencies was legal
the wheels coming off, came off because those legal loans were not so legal and some of the people who got those loans got them by lying
I swear your not going to get it
The SEC has nothing to do with the way a bank loans out monies nor does it have anything to do with people not being able to pay it back
its called root cause