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Reply #5: How did the lenders and the financial institutions who bought the bundled securities from them [View All]

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magellan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 12:39 AM
Response to Reply #4
5. How did the lenders and the financial institutions who bought the bundled securities from them
...not see it? Isn't it THEIR JOB to assess the risk to themselves too? I mean, they only deal with money every day....

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  -Ordinary people need the bailout too? thewiseguy  Sep-22-08 12:22 AM   #0 
  - This crisis started with main street  DJ13   Sep-22-08 12:28 AM   #1 
  - How about having to share the burden for the bad lending practices of Billion$$ corporations?  magellan   Sep-22-08 12:30 AM   #2 
  - A lot of good people were in favor of those loose lending practices.  Fire_Medic_Dave   Sep-22-08 12:36 AM   #4 
     - How did the lenders and the financial institutions who bought the bundled securities from them  magellan   Sep-22-08 12:39 AM   #5 
        - They relied to much on history.  Fire_Medic_Dave   Sep-22-08 02:00 AM   #6 
           - I agree, there's blame to go around  magellan   Sep-22-08 02:13 AM   #7 
              - I agree any bailout needs to be comprehensive and help all parties involved.  Fire_Medic_Dave   Sep-22-08 02:18 AM   #9 
                 - It would seem reasonable to expect  magellan   Sep-22-08 03:00 AM   #10 
                    - Yes but I warn you my sternal rub is quite intense.  Fire_Medic_Dave   Sep-23-08 12:37 AM   #13 
  - Had we actually helped homeowners in the first place, we would see a  glowing   Sep-22-08 12:32 AM   #3 
  - At the very least, freeze all ARMs.  thecatburgler   Sep-22-08 02:17 AM   #8 
  - We don't need a bailout, we need some rich Republicans to go to jail  OakCliffDem   Sep-22-08 04:59 AM   #11 
  - Yeah, obsequious behavior towards the perps while...  asteroid2003QQ47   Sep-22-08 07:22 AM   #12 
 

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