It's worked for them so far. Of course in 2008 the bankers lost nothing, getting a huge bailout from the US taxpayer that doubled our national debt in only a month or so time period. (Thanks Obama).
Meanwhile the banks were gobbling up property that they were foreclosing on, but never had to suffer for their bad loans thanks to you and me, Mr. taxpayer.
Bank of America and Wells Fargo even started foreclosing on homes that they didn't own or didn't lend to.
It's worked for them so far. Of course in 2008 the bankers lost nothing, getting a huge bailout from the US taxpayer that doubled our national debt in only a month or so time period. (Thanks Obama).
Meanwhile the banks were gobbling up property that they were foreclosing on, but never had to suffer for their bad loans thanks to you and me, Mr. taxpayer.
Bank of America and Wells Fargo even started foreclosing on homes that they didn't own or didn't lend to.