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2000 Article Predicts Disaster that was the CRA
#9
Seacrest wrote:
The whole thing was a top-down affair, from Alan Greenspan to the banks to the ratings agencies (somehow everybody seems to have forgotten about these idiots), to the monoline insurers (AIG went bust and they're still around?) to "Flip this House" to the middle class buying McMansions and/or loading up on MEW* debt to pay for everything from boob jobs to boats to his-and-her Harleys, the mortgage brokers who slithered all through the countryside and the urban jungle looking for suckers to get "cash out of their homes" all the way down to the above-mentioned "suckers" who signed papers they didn't understand for money they thought was "free."

Did I leave anybody out?

Nope. :bomb:
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Re: 2000 Article Predicts Disaster that was the CRA - by Black Landlord - 09-20-2008, 07:20 PM

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