Comments by bensimo

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Posted on September 21 at 2:02 p.m.

Clinton, the democrats and the lobbyists like Acorn (Obama's employer) excoriated the mortgagors for not allowing them to get mortgages. After many years of little or no success because banks were unwilling to take the great risks of no money down with no financial data provided, Dems solved the problem by creating a new security, Mortgage Backed Securities. Now that these have almost brought down our entire financial system, these same people are now excoriating the mortgagors for giving out the exact mortgages they demanded a few years ago. Typical!

Best regards, Ben

On Financial Crisis Causes Concern in Santa Barbara

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