how are the Rethugs profiting from crashing the Home lending system. like the Popy Savings and loans

[sam sarrha]

[moondust]

1. Waiting for the Bushco bailout... n/t

[sam sarrha]

5. bail out the people, F the lenders

[krispos42]

2. they get out before the collapse

Then it's a big fire sale.

Buy low, sell high, wait for the collapse, then buy low again and sell high again! Rinse and repeat.

[EST]

3. The profits have already been pretty much taken.

From the time a mortgage is created there are numerous little lampreys sucking a bit of blood from it and everybody takes a piece until the long term payback begins, with even more fee-generating if it's an adjustable mortgage.

Now the golden parachutes will be deployed, a few tens of thousands of lower level operatives will be taking it in the shorts and a hell of a lot of people will be without a roof and with even less spendable money than they had before, if possible.

The rise of interest rates will be necessary because there is still a lot of little dribbles and drops of money that can be squeezed out of vulnerable, broken people.
I know what it was like when I was a kid, and the recent story of the twelve year old boy who died from a bad tooth tells me it's even worse. The greedy bastards won't suffer much, but a hell of a lot of people are going to learn why unions are important and regulations necessary.

[sam sarrha]

6. we certianly pissed of the EU

[BootinUp]

4. Its quite ingenious....deregulate and wait for the bailout

Paraphrasing the immortal words of Ronny Raygun " There they go again. "

This time they ginned it up a little with super enticing interest rates. Simply brilliant I tell ya.