Fannie and Freddie

[kygorski]

Yes,but they had lots of help. Probably the biggest culprits were Harvard and yale, who graduate MBAs with out teaching them ethics, and moralaty.Then congress who helped erase some of the laws of ethical banking,Then the rating companys who gave a triple A rating to garbage investments.I guess wall street was really impressed withthat actor who said"greed is a good thing"

[Bobby Headrick]

Question. How does a company justify giving a bonus, when they are not profiting? Aren't bonuses supposed to be given when something good and profitible is done? This is pure GREED, nothing more nothing less. They take our money and make them selves richer. This is absured and downright just bad.

[GeoFisher]

Yes,but they had lots of help. Probably the biggest culprits were Harvard and yale, who graduate MBAs with out teaching them ethics, and moralaty.Then congress who helped erase some of the laws of ethical banking,Then the rating companys who gave a triple A rating to garbage investments.I guess wall street was really impressed withthat actor who said"greed is a good thing"

WHAT do you suppose happened to all those Enron energy traders when Enron collapsed. They had THOUSANDS of traders who learned from the BEST how to cook the books and push the "legal" limits. When they were all out of a job, they went to the next best place. BIG BANKS...........At the BIG BANKS, they practiced their trade, and were **** good at it.......so good that the collapsed quite a few of them.

The AMERICAN PEOPLE are just as guilty as the greedy traders. Americans bought houses they could not afford. Americans went out and got 2nd and 3rd mortgages at 125% of equity. AMERICANS went out and created a debt vacuum for themselves.

Hopefully, we can figure a way out of this and start moving towards the AMERICAN DREAM again............

Later,

Geo