On the other hand, it's all out-of-thin-air joo money they loaned in the first place.
On the other hand, it's all out-of-thin-air joo money they loaned in the first place.
Agreed. That's what makes the entire system ridiculous. Banks don't loan anything at all. They have no potential collateral loss. Yet they pretend they do. Why the charade to check your credit worthiness or to put up collateral?
All loans get wrapped up into derivative instruments and sold off. 2008 all over again.
Agreed. That's what makes the entire system ridiculous. Banks don't loan anything at all. They have no potential collateral loss. Yet they pretend they do. Why the charade to check your credit worthiness or to put up collateral?
All loans get wrapped up into derivative instruments and sold off. 2008 all over again.
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