Rep. McDermott "Paulson can throw a pass to himself"

From YT: Democratic representative form Washington state, Jim McDermott, nails it.
rougysays...

This whole thing is the result of preditory lending.

They keep trying to blame it on "sub-prime" loans, but that's not what did it.

It was caused by banks selling the loans to other banks and then the new owners of the loan bumping up the mortgage payments.

That's what made people lose their homes, because they saw their monthly payments increase as much as 400%, or more, in a matter of months.

Mark my words, this is a scam by Wall Street to bankrupt our government and steal our Social Security. They're going to run our government into the ground and then claim that there's no money left for the SS payments.

CaptainPlanet420says...

>> ^rougy:
This whole thing is the result of preditory lending.
They keep trying to blame it on "sub-prime" loans, but that's not what did it.
It was caused by banks selling the loans to other banks and then the new owners of the loan bumping up the mortgage payments.
That's what made people lose their homes, because they saw their monthly payments increase as much as 400%, or more, in a matter of months.
Mark my words, this is a scam by Wall Street to bankrupt our government and steal our Social Security. They're going to run our government into the ground and then claim that there's no money left for the SS payments.


I don't think anyone ever banked on Social Security anyway, lol.

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