Sen. Hillary Clinton (D-N.Y.) is threatening Wall Street with regulation of the mortgage investments that proved so
Sen. Hillary Clinton (D-N.Y.) is threatening Wall Street with regulation of the mortgage investments thttp://www.politico.com/news/stories/1207/7208.html
Mortgage lenders didn’t have balance sheets big enough to write millions of loans on their own,” she said. “Wall Street originated and packaged the loans that common sense warned would end in foreclosure. Some people might say Wall Street only helped distribute risk. I say, Wall Street shifted risk away from the people who knew what was going on and onto the people who didn’t.
After her quick gains on the market run I wonder just what she thinks she ccan do to them. They are the ones that elect presdents, not we poor little weary citizens.
Mortgage lenders didn’t have balance sheets big enough to write millions of loans on their own,” she said. “Wall Street originated and packaged the loans that common sense warned would end in foreclosure. Some people might say Wall Street only helped distribute risk. I say, Wall Street shifted risk away from the people who knew what was going on and onto the people who didn’t.
After her quick gains on the market run I wonder just what she thinks she ccan do to them. They are the ones that elect presdents, not we poor little weary citizens.
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