Thursday, October 25, 2012
Well, Bank of America bought the bank that did a lot of bad home mortgages. So, now B of A is being sued for bad practices; the issueing bank they bought sold bad morgages to Fanny and Freddy.
Well, isn't it "Buyer beware!" in second-hand retail? And let's find out why Fanny and Freddy couldn't be bothered to notice that the nation did not need to be on the hook for a bunch of bad mortgages!!!!
And Clinton took off a bunch of bank regulations, such as not allowing balloon payment mortgages. He did a lot of good for this nation, but maybe he should be sued? Really, I think Fanny and Freddy should be sued first.