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Morning Legal Briefs

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31. Re: Morning Legal Briefs Aug 9, 2012, 22:07 Beamer
 
The housing crisis didn't begin with the bankers (who had nothing to do with it), lenders (who had enormous amounts), traders (who had less), or borrowers (who also had enormous amounts.)

It started with the government. The government changed the rules. In order to make loans accessible to anyone it changed the laws to encourage loans going out to people with bad credit. Lenders swept in and started offering loans to people that they knew likely couldn't pay it back, because the government changed regulations so that these people could. The lenders immediately sold these loans to traders, most of whom had no idea what was going on.

Borrowers were taking loans they knew they couldn't pay.
Lenders were giving them, and as someone that sadly spent a year doing operations/marketing at one of these right out of college, I can tell you most were bending rules for this. I didn't see it first hand, as the ops guys ran my company in a constant struggle with sales guys, but the stories we heard from other companies... and the photoshopped documents we got from borrowers to try to support their loans...
Traders were backing and trading these without a clue.

But it all stemmed from the government relaxing regulations stupidly.





Also, I'm ok with people mocking Obama for being owned by corporations as long as they aren't stupid enough to act as if the Republicans aren't even more in debt to corporate overloads. If the Democrats are 99% the Republicans are 105%.
 
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    Date Subject Author
  1. Aug 9, 10:46 Re: Morning Legal Briefs Creston
  3. Aug 9, 11:17  Re: Morning Legal Briefs NegaDeath
  7. Aug 9, 12:18   Re: Morning Legal Briefs Cutter
  26. Aug 9, 17:37    Re: Morning Legal Briefs Dmitri_M
  2. Aug 9, 11:16 Dot Com pwns the USA eRe4s3r
  4. Aug 9, 11:53  Re: Dot Com pwns the USA ASeven
  5. Aug 9, 12:07   Re: Dot Com pwns the USA eRe4s3r
  6. Aug 9, 12:18    Re: Dot Com pwns the USA ASeven
  9. Aug 9, 12:43     Re: Dot Com pwns the USA eRe4s3r
  24. Aug 9, 16:11      Re: Dot Com pwns the USA jdreyer
  32. Aug 9, 22:38       Re: Dot Com pwns the USA eRe4s3r
  33. Aug 9, 23:35        Re: Dot Com pwns the USA RailWizard
  36. Aug 10, 07:30         Re: Dot Com pwns the USA eRe4s3r
  17. Aug 9, 14:52   Re: Dot Com pwns the USA Mashiki Amiketo
  8. Aug 9, 12:43 Re: Morning Legal Briefs avianflu
  10. Aug 9, 12:49 Re: Morning Legal Briefs Verno
  11. Aug 9, 13:00  Re: Morning Legal Briefs ASeven
  12. Aug 9, 13:01  Re: Morning Legal Briefs Creston
  13. Aug 9, 13:20   Re: Morning Legal Briefs Verno
  14. Aug 9, 13:44    Re: Morning Legal Briefs ASeven
  15. Aug 9, 14:01 Re: Morning Legal Briefs Verno
  16. Aug 9, 14:04  Re: Morning Legal Briefs ASeven
  18. Aug 9, 15:01  Re: Morning Legal Briefs NegaDeath
  19. Aug 9, 15:06   Re: Morning Legal Briefs Verno
  20. Aug 9, 15:28    Re: Morning Legal Briefs NegaDeath
  21. Aug 9, 15:28    Re: Morning Legal Briefs Cutter
  22. Aug 9, 15:32     Re: Morning Legal Briefs NegaDeath
  23. Aug 9, 15:36 Re: Morning Legal Briefs Veterator
  25. Aug 9, 17:33  Re: Morning Legal Briefs Beamer
  29. Aug 9, 20:19   Re: Morning Legal Briefs Veterator
  40. Aug 10, 10:44  Re: Morning Legal Briefs RollinThundr
  27. Aug 9, 18:52 Re: Morning Legal Briefs RailWizard
  28. Aug 9, 19:52  Re: Morning Legal Briefs Julio
  30. Aug 9, 21:26   Re: Morning Legal Briefs RailWizard
>> 31. Aug 9, 22:07    Re: Morning Legal Briefs Beamer
  39. Aug 10, 09:16     Re: Morning Legal Briefs Veterator
  35. Aug 10, 05:50    Re: Morning Legal Briefs Julio
  37. Aug 10, 07:55    Re: Morning Legal Briefs eRe4s3r
  38. Aug 10, 09:14     Re: Morning Legal Briefs Sepharo
  41. Aug 10, 10:50      Re: Morning Legal Briefs RollinThundr
  42. Aug 10, 10:58      Re: Morning Legal Briefs RailWizard
  43. Aug 10, 11:53       Re: Morning Legal Briefs RollinThundr
  34. Aug 10, 03:10 Re: Morning Legal Briefs KilrathiAce
  44. Aug 10, 15:17 Re: Morning Legal Briefs Sepharo
  45. Aug 10, 16:12  Re: Morning Legal Briefs RollinThundr
  46. Aug 11, 00:55   Re: Morning Legal Briefs Dades
  47. Aug 11, 18:42    Re: Morning Legal Briefs RollinThundr


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