--- In FairfieldLife@yahoogroups.com, new.morning <[EMAIL PROTECTED]>
wrote:
>
> --- In FairfieldLife@yahoogroups.com, "authfriend" wrote:
> >
> > --- In FairfieldLife@yahoogroups.com, Robert wrote:
> >
> > > If all of these mortgage companies, who made bad loans, why
> > > can't they just lose
--- In FairfieldLife@yahoogroups.com, "authfriend" <[EMAIL PROTECTED]> wrote:
> The mortgage
> lenders were off the hook once they sold their loans
> to investors, so it isn't a matter of letting them
> go out of business.
Sorry, I'm wrong about this. Some of the biggest
mortgage lenders *have* g
--- In FairfieldLife@yahoogroups.com, "authfriend" <[EMAIL PROTECTED]> wrote:
>
> --- In FairfieldLife@yahoogroups.com, Robert wrote:
>
> > If all of these mortgage companies, who made bad loans, why
> > can't they just lose money like the rest of us would.
Here is a nice concise synopsis by Pau
--- In FairfieldLife@yahoogroups.com, Robert <[EMAIL PROTECTED]> wrote:
> If all of these mortgage companies, who made bad loans, why
> can't they just lose money like the rest of us would.
Because the mortgage lenders sold the loans to
investment folks, who packaged thousands of the
loans and th
