Quote:
Originally Posted by Shotsie
It would be one thing if it was just a failure on the bank's part to assess risk as far as loan applications, then your argument might hold a minuscule amount of weight, but it wasn't - it was intentional and systematic fraud. They INTENTIONALLY gave loans to people they knew weren't going to be able to pay them back so they could bet against those loans on the stock market and make even more money. The worse the loan, the more money they made.
|
Yep aint that the truth. But its easier to blame the little guy. I mean how could anyone say well they signed with a straight face. When you see the games this industry alone has pulled on consumers, who didn't take the time to think. And we are considered douche bags by the world as a whole and people werent careful. A banker was a professional you could trust.