Quote:
Originally Posted by spence
You seem to be comparing apples and oranges here. Do you think the private banks would be able to operate in the same manner without a viable secondary market?
And I'm not talking about a new system from the ground up, I'm talking about where we were just a few years ago.
-spence
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apparently they are. Diversifying their product base, seeking new revenue streams. You know "business stuff"
Dont forget, in ADDITION to the economic mess, banks are being hit with the credit card rules and other regualtion that Fannie/Freddie do not have to contend with. You cant have beuacrats running businesses or wars. It always fails. This is all Barney Spence, he is and has been at the helm.