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Singing In The $hit
Guys, honestly, aren't you tired of this? Banks are this and banks are that. At minimum they are stupid... They should not have given risky loans, they should have been more cautious; they were greedy ... And as a result – see what happened to the housing market.
We love to get together and bark at the banks. What a terrific target.
I have a small problem with that. There is a smell of real estate agents, who, like dogs, marked the territory.
Because the Banks did not deal with Buyers directly. Do you know who was initiating all these deals, bringing these deals to them? Yep, that was us...We were in a good company, but we were there...
Did we tell our customers that it could not always go up, and they could be for a big surprise? That they should not gamble and buy to flip? That with 5 year open ARM (I thhink that's  how it is called, but I may be wrong here) the increase was guaranteed, while their reselling it for $100K profit in 2 years wasn't? That stated income, stated assets was, well, not the best and safest way to invest? That there was and is a big difference between investing ... more

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