Comments on: The "No More Stupid Mortgages" Bill http://www.nakedcapitalism.com/2007/10/no-more-stupid-mortgages-bill.html Sun, 22 Nov 2009 15:18:28 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2007/10/no-more-stupid-mortgages-bill.html#comment-1213 Anonymous Tue, 23 Oct 2007 09:56:00 +0000 http://www.nakedcapitalism.com/2007/10/the-no-more-stupid-mortgages-bill/#comment-1213 Barney found a way to slip in safe harbor provisions for the I-Banks at 50% DTI. That's INSANE. The bill also removes the right of the investors to sue the I-Banks who promoted these loans.<br/><br/>This bill is nothing more than bailing out the pigmen at I-Banks once again. Barney Frank is flat-out lying.. but that's not really news, is it? Barney found a way to slip in safe harbor provisions for the I-Banks at 50% DTI. That’s INSANE. The bill also removes the right of the investors to sue the I-Banks who promoted these loans.

This bill is nothing more than bailing out the pigmen at I-Banks once again. Barney Frank is flat-out lying.. but that’s not really news, is it?

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