Prediction: Trump Out/Ryan In

[donquixote99]

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.

If you do crap underwriting you get bad debt. Doesn't take exactly 40 years in the banking business to figure that out. No one would do that unless they figured they could unload the debt quick. So, filthy dirty hands for the originator, and the debt is dirty from day 1. It became a toxic hot potato that one could make big money from, unless one became the holder who couldn't unload.

And all this sharp practice is the fault of Joe Schmoe who was bedazzled by a HOUSE with No Money Down and No Interest Until Later?

Gotta love how the criminal con artist mind works.