On Sun, Oct 25, 2020 at 08:06:31AM -0400, grarpamp wrote: > > And how did these toxic assets come to exist? > > One version... > Disregarding whether or not banks printed 0's to buy > house from original seller via subprime buyer, subs > then pay in pile of equity fees etc, cant pay, get foreclosed, > bank outbids hopeful individual local homeowners and > pays itself via court to buy from foreclosure auction, > bank flips to market at retail or to 1%'ers in REO deals, > everyone involved donates to Democrats campaigns who > created the Socialist sub loan programs a cut of the profits. > Many places passed law regs post 2008 surge to bundle the > [tax] lots thus locking out hopefuls from ever getting a single. > > CDO's, bundling, remarketing, etc are another set > of scams upon different entities, bond buyers, etc. > > Meanwhile China buyers, country CB's, other banks > keep pumping prices and financing rental buildout > instead of freehold. > > Welcome to slavery. > > There are youtubes wikis and boards on the schemes, > before they censor and purge those too.
All made possible by fake fiat.
