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a425couple
Feb 17, 2024, 8:17:51 PMFeb 17
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Sn Jones
1d
·
Apparently the State of New York was concerned that banks don’t do the
proper due diligence, so they sued a customer in their behalf.
Note that no loans defaulted.S
a425 said,
Prior to 2008 many thousands lied about their income and assets in order
to get large loans to buy houses. This created a big bubble in house
values. When there was a sneeze in the economy (which there always will
come) they could no longer make their payments. Many banks failed, and
many lost everything. Yet even thou thousands had committed fraud, and
there were many victims, almost no one was ever prosecuted, or sued.
Kind of makes this trial look selective, doesn't it?
1d
·
Apparently the State of New York was concerned that banks don’t do the
proper due diligence, so they sued a customer in their behalf.
Note that no loans defaulted.S
a425 said,
Prior to 2008 many thousands lied about their income and assets in order
to get large loans to buy houses. This created a big bubble in house
values. When there was a sneeze in the economy (which there always will
come) they could no longer make their payments. Many banks failed, and
many lost everything. Yet even thou thousands had committed fraud, and
there were many victims, almost no one was ever prosecuted, or sued.
Kind of makes this trial look selective, doesn't it?
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