Quote:
Originally Posted by Rigged
lovely...the crash is JUST starting to hit in Europe
Spain is next..IMO
I am not a "finance person" in the sense I understand everything about the secondary markets. But isn't there "truth in lending" or does that not apply to Subprime? You should know exactly what the terms are in black and white...if they are so high why would someone take them? Rhetorical question...but I think its because if you don't really understand "adjustable" then your screwed lol...
|
Ethical lending demands a knowledgeable buyer and a knowledgeable seller.
There are laws. What are they exactly, that is the question. Then it's easy to figure out who to prosecute. Have IRS agents focus on all those Players with this year's audits.
It would be EASY to do. 'Cept for beating their fancy pants lawyers. Which is where John Edwards comes in.
Doing what is wrong pays. The people do not force the government to do what is right. There are not only no consequences to unethical behavior, there are rewards.
Crime pays.
A society will get more of that which turns a profit.
Ergo, more bullshit.