Mac1958
Diamond Member
- Thread starter
- #61
Um, no I'm not. You STILL haven't figured that out.I won't go so far as to call this a prediction, but there's a massive bubble brewing right now and I haven't seen anyone talking about it.
Remember those radio and teevee commercials in the 2004-2008 years that advertised low-document and no-document home loans, 125% LTV loans, bad credit mortgages, all the horrific SHIT that would get layered into CDOs and CMOs, avoid regulation, get phony AAA ratings by the paid-off ratings companies, turn to shit and ultimately damn near bring down the entire global economy?
Well, imagine those same types of loans for small to mid-sized business owners instead of home buyers.
It's damn near deja vu. Lenders are both proliferating everywhere, and dropping lending standards to a point at which they could barely be considered "standards". Because it's not a front-page thing like mortgages, this massive stew of bad credit is flying totally under the radar - YET, a business is FAR more likely to fail than is a home owner likely to pay their mortgage. They're everywhere now, the loans are going into larger securities, and here we are again.
Just saying.
.
you're the ones who want the banks deregulated. *shrug*
*shrug*
Bizarre.
.
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