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The bankers were doing what we wanted them to do by giving us loans, even when we didn't qualify. Now they're continuing to do what we want them to do by being
by LanceH 5y ago
The bankers were doing what we wanted them to do by giving us loans, even when we didn't qualify. Now they're continuing to do what we want them to do by being the villains. As long as they get paid...
- Retric 5y agoBankers where ultimately using other peoples money to issue loans so they didn’t care if the information was accurate and therefore not only didn’t check but actively falsified the information themselves. That’s how you get this kind of crap: “How much do you make? It varies, I made 50k last year. That’s going to be a little tough, hmm let’s say next year went well, how much could you make? I don’t know 60-70k. Great 70k is going to make this all very smooth.” The applicant assumes he’s being clear when getting a loan from the company he’s talking to. Meanwhile the company is only interested in selling Fake AAA bonds and just needs warm bodies to sign some paperwork.