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Thats cute, but I lived through the 2008 housing crash, none of that stuff stopped the banks from kicking people out of their homes and destroying a bunch of li
by arrosenberg 4y ago
Thats cute, but I lived through the 2008 housing crash, none of that stuff stopped the banks from kicking people out of their homes and destroying a bunch of lives.
- guhidalg 4y agoYour bank isn't a good bank, their bank is obviously a virtuous bank that would never prey on desperate borrowers /s
- ThunderSizzle 4y agoThat's cute, but who the hell still gets an ARM? It's like going full stupid. Never go full stupid.
- arrosenberg 4y ago> That's cute, but who the hell still gets an ARM? Well over a million people during the 2005-2006 frenzy - https://www.stlouisfed.org/publications/bridges/spring-2007/subprime-arms-popular-loans-poor-performance https://www.stlouisfed.org/publications/bridges/spring-2007/... > It's like going full stupid. Never go full stupid. It's more like a bunch of sophisticated bankers and lawyers used their Ivy League education to trick working class people into a financing agreement they couldn't understand or afford. Your version seems kind of rude to people who have better things to do than learn the intricacies of finance - that's why government (some of the time) is good - they regulate bankers so that regular people can just buy a house without worrying about elite mendacity taking away their home and savings.