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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  Gotchya. Thanks for explaining. Makes sense. (1+ / 0-)
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    elmo

    Ds see human suffering and wonder what they can do to relieve it. Rs see human suffering and wonder how they can profit from it.

    by JTinDC on Fri Feb 10, 2012 at 10:59:10 AM PST

    [ Parent ]

    •  Yeah, in a weird kind of way (0+ / 0-)

      it does. The only problem was what happens if enough underlying mortgages start to default. Then real estate prices can start deflating, and the party is really over very fast. Which of course is exactly what happened.

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