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by yummyfajitas
4559 days ago
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Clearly WaMu, Countrywide and AHM (some of the biggest mortgage issuers) faced no consequences from people defaulting on mortgages. Clearly BankAm and Citi aren't sitting on massive losses from bad loans they made, desperately trying to push the losses into future years. Go read this paper about what actually happened. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1421837 It's hard to claim that person A stole from person B if both A and B lost money. |
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