Yup. Ninja loans ... No Income No Job or Assets.
The the bank was sausage making collateralized mortgage obligations, AA rated with these toxic loans mixed in.
There was a hilarious English video on this back around 2008 ... enjoy!
Yup. Ninja loans ... **N**o **I**ncome **N**o **J**ob or **A**ssets.
The the bank was sausage making collateralized mortgage obligations, AA rated with these toxic loans mixed in.
There was a hilarious English video on this back around 2008 ... enjoy!
>Https://m.youtube.com/watch?v=mzJmTCYmo9g&t=15
(post is archived)