Apr 13 2011, 12:32 AM
Re: THE ***kING USA
guys guys...
lets get your facts straight lol
the recession in the US was caused by our own US people LOL
big lending companies were doing shady mischievous lending
basically loaning money to people who couldn't pay it back
then bundling up these loans into other loans to sell to other people
called subprime mortgage loans
then these same institutions would takes the money from the people bundle these loans into packages
and sell these packages to institutions betting on that these loans will fail (which is why these loans were sold to people who couldn't pay them) (this is called SELLING SHORT)
so when the market crashed....... do you notice all these HOMES are becoming forclosed and sold... its because of all these bad lending practices of lending companies.......
so these people and institutions who bet on the loans going back got lots of money (selling short)
yet the CEOs of these companies even in the recession were getting big bonuses $$$$$$$
our own country is corrupt ... we need to fix home before interfere with others lol
guys guys...
lets get your facts straight lol
the recession in the US was caused by our own US people LOL
big lending companies were doing shady mischievous lending
basically loaning money to people who couldn't pay it back
then bundling up these loans into other loans to sell to other people
called subprime mortgage loans
then these same institutions would takes the money from the people bundle these loans into packages
and sell these packages to institutions betting on that these loans will fail (which is why these loans were sold to people who couldn't pay them) (this is called SELLING SHORT)
so when the market crashed....... do you notice all these HOMES are becoming forclosed and sold... its because of all these bad lending practices of lending companies.......
so these people and institutions who bet on the loans going back got lots of money (selling short)
yet the CEOs of these companies even in the recession were getting big bonuses $$$$$$$
our own country is corrupt ... we need to fix home before interfere with others lol