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JDPriestly

(57,936 posts)

10. Excellent summary.

Reply to longship (Reply #5)

Mon Mar 21, 2016, 03:07 AM

Mar 2016

And Hillary Clinton blamed the homeowners as equally at fault for the crash. She never talked to any homeowners who were caught in this fraudulent banking scheme. She never saw any of the incriminating evidence against the mortgage companies and bankers.

It was as bad as the S&L crisis of the 1980s if not worse, yet I don't think that the Justice Department every properly investigated it.

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23 replies

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Highlight:

If you have not seen The Big Short, I seriously recommend you watch. [View all] onecaliberal Mar 2016 OP

I saw it...and we will get screwed again, worse than before. Punkingal Mar 2016 #1

Right. elleng Mar 2016 #2

They got a new fancy name nadinbrzezinski Mar 2016 #3

Saw that. highoverheadspace Mar 2016 #20

yup nadinbrzezinski Mar 2016 #21

I have read the book multiple times, movie coming from NetFlix Wed. longship Mar 2016 #4

CBOs???? longship Mar 2016 #5

and none of the Wall Street slime went to jail pfitz59 Mar 2016 #6

To hell with the sellers. longship Mar 2016 #8

And don't forget John Thain (Merrill) Ruby the Liberal Mar 2016 #17

There should have been frog marches out of the ratings agencies.... Spitfire of ATJ Mar 2016 #9

Excellent summary. JDPriestly Mar 2016 #10

Ya gotta love it Ruby the Liberal Mar 2016 #18

Seriously, a good movie. K&R nt killbotfactory Mar 2016 #7

If CDOs are properly rated and properly tranched, I don't see much of a problem jmowreader Mar 2016 #11

They weren't properly rated, they never will be when ratings agencies are afraid onecaliberal Mar 2016 #12

usually the funds HIRE the ratings agencies--no conflict there! n/t librechik Mar 2016 #15

Should be "must see" for all Americans. Saw it a couple days ago, great movie. Scuba Mar 2016 #13

Here's what I don't get: I loan you money, and two people who have nothing to do with us hedgehog Mar 2016 #14

How in the hell is that legal. onecaliberal Mar 2016 #16

Thanks for the reminder Ruby the Liberal Mar 2016 #19

Be prepared to get pissed and have your mind blown several times at the fact onecaliberal Mar 2016 #22

This is the first time my husband told me to keep the DVD hedgehog Mar 2016 #23