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Old 10-17-2011, 09:39 AM  
sperbonzo
I'd rather be on my boat.
 
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Join Date: May 2003
Location: Miami, FL
Posts: 9,748
OCCUPY FANNIE MAE AND FREDDIE MAC!!!

Banks aren't any more greedy than Apple is! Blaming the financial crisis on greed is like blaming an airplane crash on gravity. The reason the bubble caused by low interest rates was allowed to get to such ridiculous proportions was because Fannie and Freddie said to banks: "You make whatever loans you want, and you don't have to worry about whether they get paid back. We'll buy them off you, and you won't lose any money. You can make safe loans with low profits, or dangerous loans with high profits, and either way you won't lose money."



They should be protesting the government, not the banks, IMHO.
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