Comments on: Someone Woke Up on the Wrong Side of the Derivatives Market http://www.brunoandtheprofessor.com/2007/08/someone_woke_up_on_the.php Bruno and the Professor is a progressive, liberal weekly talk radio podcast covering issues from Seattle, the United States, and the World Sat, 28 Jan 2012 01:48:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matski http://www.brunoandtheprofessor.com/2007/08/someone_woke_up_on_the.php/comment-page-1#comment-5334 Matski Tue, 07 Aug 2007 04:29:58 +0000 http://www.brunoandtheprofessor.com/2007/08/someone_woke_up_on_the.php#comment-5334 Thanks for the comment. Absolutely agree with you that the victims here are the poor who were goaded into bad decisions by some slick operators ... think that's more support for my general point that these banks now need to be allowed to go under. Not sure what you mean by life settlements. Would like to learn more ... please post a link if you've got one. Thanks for the comment. Absolutely agree with you that the victims here are the poor who were goaded into bad decisions by some slick operators … think that’s more support for my general point that these banks now need to be allowed to go under.

Not sure what you mean by life settlements. Would like to learn more … please post a link if you’ve got one.

]]> By: JB http://www.brunoandtheprofessor.com/2007/08/someone_woke_up_on_the.php/comment-page-1#comment-5333 JB Tue, 07 Aug 2007 04:13:49 +0000 http://www.brunoandtheprofessor.com/2007/08/someone_woke_up_on_the.php#comment-5333 How very libertarian of you. However, the real victims here are not the banks or the shareholders, but the poor people who were duped into buying houses they couldn't afford, and will have their credit records ruined and their houses foreclosed upon. And the real villians here are the mortgage brokers, who were more than happy to lie or omit data from the loan applications, then move onto day trading or perhaps selling life settlemens when the real estate market turns over (Matski, I'm sure you will take aim at the issue of life settlements in a future episode). How very libertarian of you. However, the real victims here are not the banks or the shareholders, but the poor people who were duped into buying houses they couldn’t afford, and will have their credit records ruined and their houses foreclosed upon. And the real villians here are the mortgage brokers, who were more than happy to lie or omit data from the loan applications, then move onto day trading or perhaps selling life settlemens when the real estate market turns over (Matski, I’m sure you will take aim at the issue of life settlements in a future episode).

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