Loan Defaults

Loan Da Faults of Dem MOFO Lenders.

I could kick myself in the arse for not predicting this when it crossed my mind a few weeks ago. It has all the makings of another  savings and loans debacle of the 80's and 90's. That bailout was aimed at reimbursing depositors who put their money in banks that offered 12% interest [duh] when the going rate was 3% [duh]. They gambled, and lost. But wait, they didn't lose. You did., by reimbursing them to the tune of $125 Billion dollars. In this instance, loans were given to people who should never have received them, and unable now to meet their obligations. Civil Rights Groups Call for 6-Month Halt to Foreclosures NEW YORK (AP) -- Civil rights groups called Wednesday for a six-month moratorium on foreclosures resulting from high-risk loans given to people with shaky credit, arguing that lenders should help borrowers refinance their mortgages or face lawsuits. Civil Rights?  CIVIL RIGHTS?  Don't get in the way folks. Every grandstanding m'fkng Democrat in the country will be stampeding to get aboard this free ride to hell.