Quote:
Originally Posted by DraX
Amazing, it awfully resembles how the banks robbed, plundered and triggered the 2008 recession. What's sad is how this can continue without government interference, I understand there aren't any laws or tools to stop it. Which just tells us the officials and law makers are looking the other way and don't want to touch it.
Correct?
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That's exactly it. The banks couldn't lose. They loan you the money, they make money from the interest. When you default, they sold the house to the next guy for yet more money.