Quote:
Originally Posted by ZeroJunk
Speaking of housing, exactly what did the banks do other than loan people money to buy a home ?
The people who took out the loans decided not to pay and defaults skyrocketed . But, somehow in the mind of the lunatic left it was the banks fault for loaning them the money.
And, it was the government that was mandating that the banks make loans to questionable borrowers to start with.
Gotta love the mind of a lefty.
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Do you even have a mind? Your home mortgage system simply invites corruption. First comes a mortgage broker who finds you a bank - like they are all hidden from plain sight. So he or she takes 1% ov the mortgage value and disappears. The banker she finds for you takes 2 or 3% bundles your loan with several more and sells the package - bank now disappears - oh of course they know you are good for the value of the loan - NOT!The miracle is not that a bunch of mortgage brokers and some banks gamed the system I wonder what took them so long - the system simply invites this kind of fraud.