Not responsible for moderated comments or your therapy bills..write at your own risk.
Well, IM was having a lot of trouble last fall- and long before Chucky opened his mouth.
I agree that what he did was wrong and perhaps even illegal. I cannot stand the man. He's an ass. A liberal whine boy. But he is not the reason that bank failed.
I would want to know if my bank's lending practices were as shady as IM.
Giving mortgages to people earning 20,000 a yr- for 300,000 homes, is the reason. Loan defaults were huge with IM, who were related to CountryWide BTW. Problems were known last fall and even before then- investors have mentioned issues since 2006...IM was almost just like Country Wide in it's lending practices. It got what it deserved. Loans to people, they KNOW could never repay, is a problem. (The stupid people are the problem too of course...)we cannot hold these banks innocent of all wrong doing though.
Chucky selling Short? No, that would be corrupt.... oh, wait!
Commenting by HaloScan
