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  #11  
Old 12-02-2014, 03:20 PM
ZeroJunk ZeroJunk is offline
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Join Date: Dec 2011
Posts: 1,919
Quote:
Originally Posted by Tom Joad View Post
Every since I can remember, up until George W. Bush was inaugurated, the only way you could get a mortgage loan was if you could prove to the lender that you has the wherewithall to pay it back. That's why mortgage backed securities were considered a solid gold investment.

Then the scamers came in and started making loans to people who didn't have a chance in Hell of paying them back. Of course they didn't give a shit because as soon as they got their piece of the action they pawned those loans off to somebody else by telling them they were just as good as ever, even though they knew full well they weren't worth the paper they were written on.

That's fraud and every one of those motherfuckers should be rotting in prison right now.
It is true that Democrats are too stupid to know whether or not they can pay back a loan and don't care whether they can or not. That is part of being a Democrat.
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