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Originally Posted by raycarey  Quote: |
Originally Posted by Bugs The lenders took the risk to hand out loans to people with questionable means to carry the loan to completion. The reward for years was the lenders making money hand over fist – because the price of housing continued to climb. | so where's the risk for the lenders? it's all been pushed down the road, and the fed is there waiting to bail out the brokerages that invented all these investment vehicles. | Really ALL of it has been pushed down the road? The FED has helped out and their help has certainly been more in favor of the lenders as apposed to borrowers, but lenders as well as the investment groups have still lost billions.
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"Religion is an insult to human dignity. With or without it, you'd have good people doing good things and evil people doing evil things. But for good people to do evil things, it takes religion" - Steven Weinberg |