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It turns out that giving loans to dogs and anyone with a

Posted on: July 6, 2019 at 16:33:11 CT
SparkyStalcup MU
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pulse without checking credit scores and/or verifying income was a bad idea. These lenders were in it for the origination fees then would turn around and securitize the loans and wash their hands of the toxic assets. Moody's and S&P would the rate these securities AAA, even though it was total shyte. It was all a big scam, and had nothing to with "community ratings"..lol.

Edited by SparkyStalcup at 16:36:49 on 07/06/19
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Trouble in progressive paradise: liberal boomers make it - MUTGR MU - 7/6 15:17:47
     I'm so out of it. I don't even know the name of MY group. - GA Tiger MU - 7/6 16:28:19
     Conflict in a mostly civil society, Who'd a thunk? - raskolnikov MU - 7/6 16:13:49
          Thank God I'm not a boomer, but things are - MUTGR MU - 7/6 16:22:57
     Any broad with 2 last names should never be trusted - Floyd Turbo 99 - 7/6 15:29:54
     Read the article again; the yellers are from richer, older, - SparkyStalcup MU - 7/6 15:25:26
          In Seattle, NYC, yes they are - or were. nm. - MUTGR MU - 7/6 15:38:14
               No. Less than 100% of people in Seattle are progressives - SparkyStalcup MU - 7/6 16:23:04
                    That's a loser dodge sparkles. it's far more than 50%. - RHAYWORTH MU - 7/6 16:40:48
                         I'm just acknowledging reality, something which you rarely - SparkyStalcup MU - 7/6 16:49:42
                    It was invented by progressives, stop embarrasing - MUTGR MU - 7/6 16:24:09
                         You are almost as honest as your hero Trump, who - SparkyStalcup MU - 7/6 16:25:41
          Look at SF, LA and get back to me. - RHAYWORTH MU - 7/6 15:32:44
               I remember when Boston did busing, which Joe Biden loves - Floyd Turbo 99 - 7/6 15:36:37
          How do you know this? Congressional democrats are old white - TigerMatt STL - 7/6 15:26:14
     Eliminate government backing of mortgages with FHA - TigerMatt STL - 7/6 15:25:20
          Right on cue: Harris announces $100b plan to increase black - MUTGR MU - 7/6 15:43:01
               Didn’t we just do that? Didn’t we lower standards so blacks - hokie VT - 7/6 16:19:32
                    Yes, there was that subprime mortgage crisis thingy as I - MUTGR MU - 7/6 16:25:55
                         It turns out that giving loans to dogs and anyone with a - SparkyStalcup MU - 7/6 16:33:11
                              It’s racist to have standards for black people to meet. If - hokie VT - 7/6 17:01:32
                                   More dishonesty. The housing crash in 2008 was entirely abou - SparkyStalcup MU - 7/6 17:36:24
                                        Credit scores are racist - TigerMatt STL - 7/6 17:56:53




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