If people think banks are leaving money on the table because they just hate blacks that much, they're retarded. Why would the banks themselves be doing that?
What they want to do is snap up defaults and have the government bail them out again. That just so happens to fuck your retirements, but hey, the banks get that cheap real estate, all of the collected interest and payments, and the government handouts
I was in real estate at the time, it was a disaster, part of why i got out. The first time buyer program was full of shit. They gave them a credit up to $10k, which you would think they would use to improve/ upgrade their properties. People were buying houses the6 had no business buying just for free vacation money.
If people think banks are leaving money on the table because they just hate blacks that much, they're retarded. Why would the banks themselves be doing that?
What they want to do is snap up defaults and have the government bail them out again. That just so happens to fuck your retirements, but hey, the banks get that cheap real estate, all of the collected interest and payments, and the government handouts
Lend to risky people, sell the packaged debt at a high rate.
When it fails, collect from the govt and the bond holder.
Just like 2009
Remember to allow the banks that package their own security to sell to rate the risk of the security.
Its like democrats having control over a vote audit in an election they frauded.....
I was in real estate at the time, it was a disaster, part of why i got out. The first time buyer program was full of shit. They gave them a credit up to $10k, which you would think they would use to improve/ upgrade their properties. People were buying houses the6 had no business buying just for free vacation money.
Ten k vacation? My house was so cheap that be the down payment. Lol
Jackals eagerly waiting seconds.