Thursday, February 09, 2012

As I Said, Just Assholes

The incentives were probably genuinely there in some circumstances (though incentives were all messed up), but to a great degree Our Galtian Overlords just didn't think the moochers and parasites who forced them to lend them money to buy overpriced homes deserved any help.
Fannie Mae (FNMA) pulled the plug on a 2010 plan to forgive borrowers’ mortgage debt because company executives were “philosophically opposed” to the idea, a former company employee told House investigators.