Comments on: Keith Epstein: Banking Industry Lobbying Against Mortgage Cram-Downs ‘Right Now, As We Speak’ http://wonkroom.thinkprogress.org/2009/02/17/epstein-cram/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jim Senter http://wonkroom.thinkprogress.org/2009/02/17/epstein-cram/comment-page-1/#comment-63600 Jim Senter Thu, 19 Feb 2009 12:22:12 +0000 http://wonkroom.thinkprogress.org/2009/02/17/epstein-cram/#comment-63600 People say that securitization means that the loans are so cut up and sold all over the world that it's impossible to determine who the counterparties are to negotiate with. It's impossible to know who actually OWNS these loans now. I DON'T BUY IT. There were records kept for every one of those sales. And when Janey Homeowner writes her mortgage check every month, you know damn well the bank knows where to send the interest! That's the whole point of buying mortgage backed securities anyway. No. This is all part of the scam, to continue the crisis so the disaster capitalists can extort more out of the US taxpayer, and strengthen their stranglehold on the common wealth. People say that securitization means that the loans are so cut up and sold all over the world that it’s impossible to determine who the counterparties are to negotiate with. It’s impossible to know who actually OWNS these loans now.

I DON’T BUY IT. There were records kept for every one of those sales. And when Janey Homeowner writes her mortgage check every month, you know damn well the bank knows where to send the interest! That’s the whole point of buying mortgage backed securities anyway. No. This is all part of the scam, to continue the crisis so the disaster capitalists can extort more out of the US taxpayer, and strengthen their stranglehold on the common wealth.

]]> By: Debra McDaniel http://wonkroom.thinkprogress.org/2009/02/17/epstein-cram/comment-page-1/#comment-61649 Debra McDaniel Wed, 18 Feb 2009 21:18:10 +0000 http://wonkroom.thinkprogress.org/2009/02/17/epstein-cram/#comment-61649 These banks should remember who is paying to keep them operating. We had a ton of help from them getting this country into this mess. The American taxpayers are the only thing keeping those running these banks from living in a cardboard box. The absolute least they can do is help out those who helped them. These banks should remember who is paying to keep them operating. We had a ton of help from them getting this country into this mess. The American taxpayers are the only thing keeping those running these banks from living in a cardboard box. The absolute least they can do is help out those who helped them.

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