This NEXT Bubble Is Going To Hurt!

Discussion in 'Stock Market' started by DarkFury, Jul 3, 2018.

  1. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Who did that?
     
  2. Manonthestreet
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    Manonthestreet Platinum Member Supporting Member

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    Banks did.....it's called mortgage backed securities.....bundling shit together and selling it as grade A
     
  3. Manonthestreet
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    Manonthestreet Platinum Member Supporting Member

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    How soon people forget. When multiple Banks show up at multiple foreclosures claiming they own the house and the true owner can't be identified you might be in a shitshow of fraud.
     
  4. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    MBS aren't fraudulent products.
     
  5. Manonthestreet
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    Manonthestreet Platinum Member Supporting Member

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    When they are misslabled risk wise they are
     
  6. Natural Citizen
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    Natural Citizen Gold Member

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    Which precisely explains why neither one of you know what you're talking about when it comes to economic theory and monetary policy.
     
    Last edited: Jul 4, 2018
  7. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    The rating agencies fucked up.
     
  8. Indeependent
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    Indeependent Platinum Member Gold Supporting Member Supporting Member

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    But what about the 4 million people who lost their homes?
    I guess they all should have become bank CEOs?
     
  9. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    But what about the 4 million people who lost their homes?

    What about them?
     
  10. Indeependent
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    Indeependent Platinum Member Gold Supporting Member Supporting Member

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    I worked for Chase Manhattan and Banker's Trust.
    The mentality was that some other sucker would deal with the problem down the road.
     
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