Re: UNION THUGS INVADE PAULUS HOOK
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Newbie
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To all you "Banks & Wall St Bashers"....ever consider the fact that Fannie Mae and Freddie Mac (government agencies) are way more to blame for the crisis than the banks? Fannie & Freddie started buying mortgage back securities and leveraging them instead of simply packaging them. The banks simply underwrote what these GOVERNMENT AGENCIES wanted. Fannie & Freddie basically became an insanely leveaged real estate hedge fund.
Oh yeah, the GOVERNMENT eased lending standards back in the early 2000s to spur the economy. Banks might not have been sqeaky clean, but they simply provided what the GOVERNMENT was asking for. And Unions.......don't even get me started. Maybe I'm crazy, but I think that a person should get fired if they screw up, and should get rewarded if they do great. EVERYONE should be held to performance standards. Unions reward mediocrity without holding anyone accountable. They are a thing of the past...... Obama loves unions.....hopefully he is a thing of the past come 2012
Posted on: 2011/10/10 17:57
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