| Re: Attorney General doing something??? It was easy 3 years ago, and even 2 years ago, because they were just handing out free money -- bundling mortgages that had adjustable rates/option arms, that exploded in 2, 3, 5, 7, 10, and 15 year increments, and them sold them as securities to investors.
If you followed the oil crisis at all last year -- same deal -- almost. People with no interest or intent in receiving oil or using oil to create fuel/energy, purchased contracts at resonable prices. Adn then they sat on them -- holding the oil and the industries that needed them hostage until they could sell them for DOUBLE what they purchased the contracts for originally.
Speculators and high rollers (corporations) trading blindly, ripping off the American public, stealing us blind in fact, while the normal Joe (that includes me by the way), carried on, thinking, this is just the way that it is now . . . .
They didn't check information -- in many cases they blatently lied on behalf of the homeowner (spend more time here to see), and handed out fistfulls of money -- bigger RISK -- bigger BONUS.
That's why you could get it 2 years ago and you can't get anything now.
Sorry. It's the way of the world today.
I hope that you have signed the loansafe petition. |