Causes of Crime

[merrylander]

Originally Posted by ZeroJunk

The difference I have with your statement is that it was the government that created it. The banks wanted no part of it. That is the reason those weird instruments were created to start with.

The banks wanted no part of it? You must be joking, for the banks it is a license to print money.

Mortgage broker finds a lender, pockets 1% and disappears

Lender bundles mortgage, pockets 2% sells security bundle and disappears.

Title company sells poor sod $400 worth of title insurance and get 80% as its fee ($320)