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View Diary: The Real SOTU: The White House Subverting the Rule of Law (36 comments)

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  •  No. 80% were coerced into it as the FBI said (4+ / 0-)
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    TheMomCat, BradyB, triv33, gooderservice

    Borrowers were told it didn't matter because they were the experts and Greenspan was a God. Borrowers were told they didn't have to read their mortgage(they couldn't understand it anyway) and to just sign while only given the teaser rate which would go up later.

    They were told that housing prices would rise forever in their new home which was was something they could continually cash out on making up for their NINJA status. The risks were not explained to them; of course it wasn't a risk for the banks working with the mortgage broker industry which would get bailed out; only for the borrowers now underwater.

    It's not surprising that you would make this RW argument though. Next I'll probably hear about Fannie and Freddie caused the crisis. We know that people are not that important to you and this is all a game to you though; a fun game of finance baseball with collectible cards. It's not a game though but your false equivalency shows how little you think of victims of mortgage fraud.

    I do applaud you for admitting you don't care though even though it's been obvious for awhile.

    I don't negotiate grand bargains with deficit terrorists!

    by priceman on Thu Feb 14, 2013 at 12:51:46 AM PST

    [ Parent ]

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