Did HERB & MARION SANDLER direct their mortage agents to make several bad loans since they were trying to sell?

Posted March 6th, 2010

ObaMao asked: Anyone looking closely at the Sandler’s dealings just prior to the sale of their World Savings to Wachovia can see an irregular pattern of sudden selling of mortgages to a significant amount of people who clearly could not afford them:
http://www.cbsnews.com/stories/2009/02/13/60minutes/main4801309.shtml
The sale netted the Sandlers $2.3 Billion and led to a complete collapse of [...]

Since the White House backed ACORN says to “walk away from your mortage” does that mean?

Posted May 28th, 2009

libs can’t take criticism asked: I can walk away from my credit card debts, car loans, Hospital bills, utility payments and other debits? How stupid is ACORN
Acorn National Spokeswoman was just on Fox news saying ‘Not to pay if you can’t afford it, just stay there and do “civil disobedience sit in” even if it [...]

Is the pending economic stimulus legislation an attempt to nationalize the home mortgage industry?

Posted March 28th, 2009

Bopped asked: Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of bad loans out there, I suspect that means we as taxpayers will then [...]

So mortage companies give loans to unqualified people and the taxpayers are stuck holding the tab?

Posted March 25th, 2009

Naturescent asked: http://news.yahoo.com/s/afp/20080923/ts_afp/usfinancebanking_080923173430;_ylt=Auq1ewPnGOj_xfF4_zbBLBrqxQcB
Do they think we just woke up in a cabbage patch or what? Isn’t this just bankers trying to take advantage of people by giving them loans at such high interest rates that they end up losing their homes to the banker so the banker then owns the home? And now [...]