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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] BINGO! Give that person a cigar! Posted by Ward-CA- on April 01, 2008 at 0:25 AM In Reply to: Repeal of the Glass-Stiegel Act (NT) posted by LAUSD product on March 31, 2008 at 11:03 AM Yes, it was the emasculation of the Glass-Steagall Act of 1933 about 9 years ago (in 1999) that allowed all of this liar loan crap to happen in the first place. And hopefully the wrenching pain we are going to go through as a consequence, will push us recreate a similar bulwark, so we don't allow this needless disaster befalling us to ever happen again. If you're at all interested in what really triggered this economic tsunami then visit http://tinyurl.com/yvcqaf --------Ward ============ : : I think the current bloom in foreclosures is primarily due to many, many lenders lending to many, many unqualified buyers. The fact that lots of parties on both sides profited immensely, is obvious. : : But what made it all possible in the first place is less well known. Do you have an article on that topic? : : : : -----Ward : : : : ======== Follow Ups: Re: BINGO! Give that person a cigar! luke 6:39 AM, 04/03/08 (3) Absolutely... Ward-CA- 0:24 AM, 04/04/08 (2) Re: Absolutely... CC in OC 7:46 AM, 04/04/08 (1) CC in OC, I want to attend your seminar (nt) LAUSD product 1:25 PM, 04/04/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Yes, it was the emasculation of the Glass-Steagall Act of 1933 about 9 years ago (in 1999) that allowed all of this liar loan crap to happen in the first place. And hopefully the wrenching pain we are going to go through as a consequence, will push us recreate a similar bulwark, so we don't allow this needless disaster befalling us to ever happen again. : If you're at all interested in what really triggered this economic tsunami then visit http://tinyurl.com/yvcqaf : : --------Ward : ============ : : : : I think the current bloom in foreclosures is primarily due to many, many lenders lending to many, many unqualified buyers. The fact that lots of parties on both sides profited immensely, is obvious. : : : But what made it all possible in the first place is less well known. Do you have an article on that topic? : : : : : : -----Ward : : : : : : ======== [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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