Quote:
Originally Posted by piece-itpete
On the mortgages I agree, but thank goodness my dad taught me enough sense to NOT do that.
Pete
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So, it's completely ethical for mortgagers to approve loans for people they know damn well could never possibly repay them, then "bundle" these loans, deliberately misrepresent them as "AAA" and pawn them off on unsuspecting investors?
Nice.
I can't wait to see what horrors placing even more trust in these bastards will unleash in the future. In going to be awesome, no doubt.
Dave