Share 'Bailout Blues'

This Bailout blows. Years ago republicans had Greenspan lower the Fed Rate to 1% and allowed subprime (No Doc ) loans at way too low a rate to property priced way over its value. Would have been ok if only 100,000 such notes were written, but millions of these loans were done to the tune of just under 15 trillion $ in at-Market-Value was written. The payment curves on them meant that the person...