Whoa! Contessa Brewer is hot on the trail

[PCIntern]

of the Wall St. thieves and isn't backing down lately...she's not accepting the meme that this whole crisis was stated by poor people who had no intentiion of paying their mortgage...

[Pirate Smile]

1. Good because she is sitting with RW, Corporate apologist Melissa so someone needs

to counteract Melissa's bringing the CNBC crazy-view over to MSNBC.

[burning rain]

8. I was thinking, damn, Melissa Francis won't be pleased.

Money-worshipper that she is.

[lisa58]

2. good for her...

...I've got her on in the background, but doing too many things to listen closely.

[maglatinavi]

3. contessa

She is so right... according to the data available.

[TheKentuckian]

4. Was just alluding to this in another thread.

I'm kinda wowed.

[tridim]

5. I'll all be "fixed" when Andrea Greenspan takes the seat later today. nt

[FarCenter]

6. The main culprits were the real estate brokers and mortgage brokers

Selling people houses they couldn't afford with mortgages on terms they couldn't understand or pay.

[Hassin Bin Sober]

7. Bull shit.

Mortgage brokers sell loans according to published guidelines required by investors and their risk management people.

Realtors, for the most part, have almost nothing to do with it.

[FarCenter]

10. The guidelines were set by the retail mortgage company the broker worked for or the wholesaler

Not by the investment bank packagng mortgage investment nor the investors in mortgage backed securities.

This is the Greenspan deregulated system.

[Cali_Democrat]

9. That is the meme since last year when the mortgage crisis hit

My Republican friends also echo the same notion, that people (mostly minorities) who couldn't pay back their loans caused the financial crisis. GOP commentators on TV, bloggers, etc...they all said the same thing. Apparently the financial institutions aren't to blame at all.

That's right, poor minorities are to blame for the world economic meltdown. :eyes: