Multi-National Corporations

[alleycat]

I think that the unions have way too much power over the federal government too. The meltdown started with housing and was created by lenders selling mortgages to a new market of unqualified buyers created by Fannie and Freddie trying to social engineer poor economic performers in the lower middle class into homes the would ultimately decide to stop paying for.

Yes the housing meltdown was created by lenders. Created by lenders. Who in the world created all of these mortages? Lenders!!!

Here is a link to NPR talking about the housing bubble created by giant lenders. Why did they do this? To make money off the little guy. These lenders have licenses to move their product, which would be mortages. These people at the top actually got awards for selling these bad mortages. Awards!!! These mortages where created from the global pool of money. It was considered a low risk, high return investment for these bankers. These investment are called mortage back securities.

390: Return To The Giant Pool of Money | This American Life

Tragic, just tragic!

The average American is now being blamed for this problem.

Ryan are you a trustfund baby or something along those lines? Because I just do not think you understand what in the world actually is going on inside of the American family at this point. People are losing there job, still. People are becoming homeless. Families cannot afford food. The food banks cannot keep up with the demand. The state that you live in has the largest homeless population in the country.