posted on Aug, 9 2011 @ 11:36 AM
No one is getting a free home. The original loan was securitized, the lender payed off in full sometimes three times over. In addition, there was
insurance on the home so the lender could collect on any losses, and on top of that the servicer received TARP funds. Don't dare think that money
wasn't made over and over on any mortgage from 1999 until present. Wall Street profited, but ultimately the tax payer will pay. Exactly why the
bankers who rigged the system should be in jail.
Very few individuals who bought homes they couldn't afford, did so without the bank qualifying them first. Most people had no idea that the economy
would crash either. And while Main Street tanks, Wall Street profits.
edit on 9-8-2011 by lostviking because: (no reason given)