Latest Breaking News On - Wall street history - Page 5 : comparemela.com
the system was designed to go after people at marginal means and give them the highest fees possible. the banks didn t have to care about whether the loan got paid back because the loan was sold to wall street. instead of keeping the dicey loans, the big banks and giant mortgage companies sold them off to big new york investment houses. firms like bear stearns and merrill lynch, sold them to the best customers around the world, as high-yield, mortgage-backed securities, turning sow s ears in silk purses. instead of buying one mortgage, they could take 1,000, put them into a package, and cut them into 1,000 pieces and sell the pieces as a much safer investment. all this was diversified in 100 different ways. everybody has little, little
System
People
Wall-street-banks
Loan
Fees
Wall-street-history
Bear-stearns
Loans
Firms
Mortgage-companies
Investment-houses
New-york
significant this problem became. i decided to act and act boldly. george w. bush unls underste has to put his ideology aside. put 30 years of small government, no taxes, small budget, aside, because the country needs it and the economy needs it. opposition seems to be growing here in congress, for the legislation that could be the most important of mr. bush s presidency. this isn t legislation. this is extortion. this is a huge cow patty with a piece of marshmallow stuck in the middle of it. please, please, don t betray this nation s great history the. being ruled by the rich minority. main street went to wall street to protest the bailout plan. people say, why give the banks money? we can give banks to homeowners to pay off their mortgage. is it fair that a company that
Problem
Fact
President-bush
Unls-underste
Ideology
30
Economy
Government
Country
Mr
Legislation
Congress