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View Diary: Our Economy: MASSIVE FRAUD By Mortgage Industry. (269 comments)

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  •  Agreed. Insightful. I want an answer too. (2+ / 0-)
    Recommended by:
    gailwax, Betty Pinson

    Who are the damn counterparties?
    And why should they get paid the ludicrous amounts?

    Those "hedge bets" seem like contractual timebombs. Can't we just defuse the bombs by invalidating the contract for unreasonable terms?

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    by sacrelicious on Wed Feb 25, 2009 at 05:20:05 PM PST

    [ Parent ]

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