I really was just kidding sort of about the banks,
But yea the same banks that packaged off bundles of loans to the truly clueless and then got the U.S. gov to loan money at zero interest which they invested in the carry trade and made gazillions.
But Yea those banks.
Really they do seem to be doing it.
I had heard from a bank insider, in the early years they were told, hands off any loan above 600K
so they were targeting the subprime and lower end hard and leaving the high end alone, seriously it did happen.
