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...and the banks ended up with those houses. Which were then packaged up and sold as rental back securities[1]. Rent-seeking in the most literal sense. 1. http

• whoisthemachine 11y ago
  It's an interesting theory that this was a conspiracy by the banks. Either way, a lassez faire market naturally forces this type of evolution without proper controls by a governing body. It makes complete sense that profits can be maximized if "consumers" (what the rest of us call people /s) have to continuously pay to use things that they depend on.