tag:blogger.com,1999:blog-12355458.post4093929385278678034..comments2023-11-03T04:34:44.489-04:00Comments on Drinking Liberally in New Milford: Bank Crisis 101 - The Simplest Explanation You Will FindUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12355458.post-76746745135716423922008-09-28T22:18:00.000-04:002008-09-28T22:18:00.000-04:00I haven't seen any reports or studies anywhere tha...I haven't seen any reports or studies anywhere that suggest mortgage fraud was or is even partially the cause of this. <BR/><BR/>And considering that it is not just Sub-Prime loans that are defaulting BUT Prime loans as well(I believe Experian reported that). Added to the fact that sub prime loans only make up a minute fraction of credit derivatives that were being manipulated to skim huge windfalls for the shadow bank industry. <BR/><BR/>Well? I fail to see the point of what you are saying?<BR/><BR/>Reports of predatory lending practices are well documented. I have seen absolutely zero on mortgage fraud. <BR/><BR/>Unless you count credit check agenecies that were hand picked by lenders beause of their willingness "fabricate numbers" to ensure loan approvals? (That is documented fact in many of the cases as well)<BR/><BR/>BTW: Focusing on the mortgage aspect of it only excludes where the largest frauds were purpotrated: The shaow bank credit default swaps, credit derivatives, etc, that were manipulated to rape the financial system by these banks.<BR/><BR/>Mortgages, sub-prime or not, are just the tip of the iceberg in the crimes.<BR/><BR/>I am not saying mortgage fraud does not exist. It does and I believe it is very rare. And it has no bearing on these crimes.Connecticut Man1https://www.blogger.com/profile/08923884330387123010noreply@blogger.comtag:blogger.com,1999:blog-12355458.post-15531012078951354052008-09-28T19:24:00.000-04:002008-09-28T19:24:00.000-04:00Good comment avatar!Good comment avatar!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12355458.post-60679140704176017232008-09-28T12:43:00.000-04:002008-09-28T12:43:00.000-04:00As far as subprime mortgages the statistics agree ...As far as subprime mortgages the statistics agree that there was Predatory Lending and Mortgage fraud.Jasonhttps://www.blogger.com/profile/11707747781007743555noreply@blogger.com