Source: After Banks’ Mistakes, Homeowners Pick Up Pieces
by Chris Arnold

Category: Bailouts, Legal, Real Estate, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “After Banks’ Mistakes, Homeowners Pick Up Pieces”

  1. Frilton Miedman says:

    I don’t think it was a mistake, call me a lefty conspiracy theorist, but I don’t think the Citigroup plutonomy conference’s timing in 2006 was a coincidence.

    All told, it was a simpler plan, lure millions of under-qualified home buyers into borrowing with no income verification, pay off ratings companies to lie about the values of MBS assets comprised of those loans, enter short positions, then manipulate oil futures to spur the onslaught of defaults.

  2. EMichael says:

    Isn’t the timing off a little considering the conference was in 2006?