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+---- Thread: The real CRIME in the Financial Services Bailout (/thread-329355.html)
The real CRIME in the Financial Services Bailout - THE NC Herd Fan - 11-20-2008 07:30 PM
I've been watching the news for financial services companies over the past couple of weeks and the thing that really ticks me off is these companies took taxpayer money are now laying off thousands of US taxpayers. Seems Reid and Pelosi forgot to tell them that couldn't layoff the people the Feds needed to raise taxes on to pay for this mess.
RE: The real CRIME in the Financial Services Bailout - WoodlandsOwl - 11-20-2008 08:00 PM
The real crime is that these banks have been dumping their written off and defaulted unsecured credit card debt to third party debt buyers faster than ever before.
These dirtbags buy it cheap. If its more than 2 years old its sold for 1/20 of a cent per dollar of debt.
Then dirtbag debt collector starts ringing the phones.
Bankruptcy Lawyers will be making money again, especially after Congress gets rid of the 2005 "reforms".....