NY Times | Some Bankers Never Learn

Some Bankers Never Learn

By

YOU’D think the mortgage bust would qualify as a teachable moment.

But some people refuse to learn from mistakes — a list that apparently includes certain mortgage bankers. Their industry is fighting a new rule that might prevent a repeat of the lending binge that helped drive our economy off a cliff.

In case you just arrived from another planet: America’s mortgage mania was fueled by home loans with poisonous features that made them virtually impossible to repay. It was fun while it lasted, at least for the financial types who profited by making dubious loans and selling them to investors.

But the Dodd-Frank financial overhaul last year barred lenders from making home loans before determining that people could probably repay them.

(It’s depressing that we have to legislate common sense, but, hey, that’s the world we live in.)

Check out the rest here…

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4closureFraud.org

Comments
15 Responses to “NY Times | Some Bankers Never Learn”
  1. pamelag says:

    banksters are donating and/or bulldozing. another tax deduction for them. protesters arrested in Addison,Illinois, a single mother of 3. wells fargo gang. God Bless America. Everyone of you Pray for these Banksters.

    • disableddad says:

      I don’t know what it is going to take to get people to take this serious, but we need to get people that do regular business with these banks to stop! Take their daily banking to the local level.

      I can’t even get my own family to move out of BofAssystem and to take a serious look at this…YET!
      I wont stop pushing the real info After what they have done to me they better pray that I dont find the right message

  2. lvent says:

    If anyone is wondering where that traitorous bitch, Council on Foreign Relations member and ex-Citi Bank employee Erin Burnett went after she left CNBC, she is now a co-anchor on CNN…She abruptly departed CNBC not long before her co-anchor Mark Haines died of a sudden heart attack…If you recall she is the one who made the outrageous remark that maybe the banks should start bulldozing the foreclosed houses.. Her departure from CNBC soon followed.

  3. lvent says:

    The re-instatement of Glass-Steagal will rout out the crooks on Wall Street and keep them from getting their greedy hands on any more mortgage loans.

    • disableddad says:

      Why is it that very few people bring up this issue as the prime source of all of our financial problems?.

      When Glass-Steagal was in force the financial criminals had a bit of trouble co-mingling money because IT WAS ILLEGAL.

      The people with the money don’t think any more of you, me, us than they do of the pound dogs.

      Wake up people, it may not be you now but the SH*Tonly rolls one way

  4. lvent says:

    Just saw an interview with Max Keiser on RT news….Max Keiser was talking about Putin and the foreigners elite who own WALL STREET, THE FEDERAL RESERVE and the BIG BANKS and how they cannot wait for our credit downgrade. INCLUDING VLADIMIR PUTIN WHO IS CALLING AMERICA A NATION OF LEACHES AND IS CALLING FOR THE DOWNGRADE OF OUR CURRENCY…They will all get rich off of the INCREASE IN INTEREST RATES WE THE PEOPLE WILL BE PAYING FOR THE — USE OF THEIR CREDIT…….WAKE UP AMERICA, STOP USING CREDIT, STOP USING THE FOREIGN OWNED MULTINATIONAL BANKS, BUY AT THE MOM AND POP SHOPS, THESE BASTARDS OWN ALL OF THE MULTINATIONAL CORPS.CUT DOWN ON CONSUMPTION OF GAS…WE THE PEOPLE MUST STOP SUPPORTING THIS TYRANNY!!!!!! Bloomberg reported last week that our own CONGRESS MEMBERS LIKE SPEAKER OF THE HO– USE, JOHN BOEHNER ARE INVESTED IN OUR DEBT AND WILL GET RICH OFF OF OUR DEMISE…THEY ARE TREASONIST TRAITORS AND SHOULD ALL BE EXPOSED, ROUTED OUT AND REMOVED BY WE THE PEOPLE……WAKE UP AMERICA……..

  5. Ron Moss says:

    In my case of “Wrongful Foreclosure” Monthly payments started at $1,400. per month. AS it was described to as a 5 year option ARM I expected it to not change for the five years But within two years I had recieved the information that my loan had been bought by IndyMac and the payments were to be increased to $4,100. per month, more than my entire retirement incom.

    • Snowstorm says:

      This is the worst case that I have heard yet? ….and …..t0 think that we have t0 just ACCEPT THIS BULLSHIT, NEVERNEVER>>>>>>>>>>>>>>>>>>>>IT IS N0T T0 LATE

  6. Pete Everts says:

    Rope and lampposts.

    • lvent says:

      Yes Ron, this is the PROOF THEY SET YOU UP TO FAIL………THERE ARE MANY DEVILS LURKING IN THE ORIGINATION FRAUD……..IF THERE IS DECEPTION YOU KNOW WHO IS BEHIND IT….THAT IS THE ONLY WAY THEY CAN GAIN POWER IS BY SECRETS,, GAINING OUR TRUST AND DECEIVING US…THAT PROVES HOW WEAK THEY REALLY ARE….THE FOREIGNERS HAVE — USED BRAINWASHING AND THE DUMBING DOWN OF SOCIETY WITH THE — USE OF THE MEDIA AND THE PUBLIC SCHOOL SYSTEM AS A VERY EFFECTIVE TOOL TO TRY TO DESTROY US…..MY KNEW MOTTO IS TRUST NO ONE,ALWAYS VERIFY!!!!!!!!!!!!!!!!!!!!!!!!!! AND REMEMBER TO THEM, BLACK IS WHITE……..

  7. housemanrob says:

    BANKERS………SCHMANKERS…….

    • Pete Everts says:

      You forgot Wankers. Also, don’t be one, use upper and lower case letters to avoid being dismissed as an idiot,

      • WTF says:

        AND WHO THE HELL ARE YOU, PETE. HOWS ABOUT STOP YOUR REMARKS
        ABOUT UPPER AND LOWER CASE, YOU DON’T WANT TO SOUND LIKE AN IDIOT DO YOU?

      • Pete Everts says:

        Some of us know about things like this. Don’t be an ass take good advice given in friendship and agreement with what you say. All caps is taken a yelling – no one listens. To be heard write correctly. Just sayin’.

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