It looks like the banks did fine on this one. They priced the risk appropriately. 10:1 for a 20-30 year loan? Maybe go even higher. Their real sin was saying th

It looks like the banks did fine on this one. They priced the risk appropriately. 10:1 for a 20-30 year loan? Maybe go even higher. Their real sin was saying that junk mortgages were good and not collecting enough interest.