Results 1 to 20 of 37

Thread: Government-backed liar loans

Threaded View

  1. #1
    Join Date
    Jun 2006
    US, Europe and Asia

    Default Government-backed liar loans

    Government-backed liar loans

    At least one good thing came out of the housing fiasco. We’ll never have to clean up after another mess made by mortgage brokers selling liar loans to borrowers who can’t afford to repay.

    No more exploitation of the dreams of new entrants to the middle class, built on the fantasy that they can afford a home that sports a price that has been inflated by decades of government loan subsidies.

    No more Fed buying blown up asset-backed securities that backed bogus sub-prime mortgages to rescue banks that should be allowed to fail.

    That’s all behind us. We learned our lesson! The government will prohibit these kinds of loans, prosecute violators, and never allow this mistake to happen, again.

    Wait. What?

    Under new The Making Homes Affordable Again to People Who Can’t Afford Them program the government is now not only allowing liar loans, it’s backing them with your tax dollars.

    iTulip Select: The Investment Thesis for the Next Cycle™

    To receive the iTulip Newsletter/Alerts, Join our FREE Email Mailing List

    To join iTulip forum community FREE, click here for how to register.

    Copyright © iTulip, Inc. 1998 - 2010 All Rights Reserved

    All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Nothing appearing on this website should be considered a recommendation to buy or to sell any security or related financial instrument. iTulip, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Full Disclaimer
    Last edited by FRED; 02-02-10 at 11:50 PM.

Similar Threads

  1. Times of London calls UN climate chief - liar
    By Diarmuid in forum Climate Change
    Replies: 2
    Last Post: 01-30-10, 01:34 AM
  2. Replies: 0
    Last Post: 10-06-09, 03:52 AM
  3. genesis aka kurt denninger... bagged! liar!
    By metalman in forum Rant and Rave
    Replies: 6
    Last Post: 10-31-08, 02:35 PM
  4. Replies: 0
    Last Post: 01-10-08, 11:46 AM
  5. Citi offering loans in order to
    By GRG55 in forum Rant and Rave
    Replies: 3
    Last Post: 10-05-07, 02:50 AM



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.

Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.

Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.

Objectionable posts may be reported to the board administrators via Contact Us.