Don’t blame the bankers for doing what they had to do after the federal government forced them to write mortgages everyone knew couldn’t be paid back. Fault where fault is due.
The federal government set up a situation in which Freddie and Fannie co-signed the loans. Therefore, they knew they’d be repaid. Under those circumstances Congressmen would’ve accused them of discrimination if they DIDN’T make the loans.
As to federally financed campaigns: that forces me to pay to support a political aspirant whom I dislike and it can’t stop individuals from supporting a candidate he likes independently of the limits of the campaign finance laws, so it would do no good and would cost me (and you) more money.
Finally, unless the bankers broke laws in existence at the time, they can’t be jailed just because we now agree it was a bad thing.
Christopher Shea over 12 years ago
Let’s compromise and give the banksters 240 individual lashes.
paulproteus48640 over 12 years ago
what about restitution?
paulproteus48640 over 12 years ago
how about publicly financed elections
pschearer Premium Member over 12 years ago
Don’t blame the bankers for doing what they had to do after the federal government forced them to write mortgages everyone knew couldn’t be paid back. Fault where fault is due.
underwriter over 12 years ago
@pschearerAnd that’s why they accepted the bailout and turned it into huge bonuses for themselves?
David Huie Green AmericaIsGreatItHasUs over 12 years ago
The federal government set up a situation in which Freddie and Fannie co-signed the loans. Therefore, they knew they’d be repaid. Under those circumstances Congressmen would’ve accused them of discrimination if they DIDN’T make the loans.
As to federally financed campaigns: that forces me to pay to support a political aspirant whom I dislike and it can’t stop individuals from supporting a candidate he likes independently of the limits of the campaign finance laws, so it would do no good and would cost me (and you) more money.
Finally, unless the bankers broke laws in existence at the time, they can’t be jailed just because we now agree it was a bad thing.
paulproteus48640 over 12 years ago
why not try supporting someone by campaigning for them or god forbid voting