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Economy

bucolic_frolic

(43,122 posts)

1. If it makes you feel any better

Reply to SWBTATTReg (Original post)

Wed Aug 15, 2018, 11:38 AM

Aug 2018

our no-income mortgage securities were repackaged and sold all over the globe, sharing our flimsy debts with all buyers.

No surprise bankers, even junior ones, are able to estimate situations where a higher level of risk of default exists. Most, though, lack any power - political or financial - to alter the system set by higher-ups, regulators, politicos, and thus they can do little about it.

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Housing crash of 2008 / Royal Bank of Scotland traders enjoying our pain... [View all] SWBTATTReg Aug 2018 OP

If it makes you feel any better bucolic_frolic Aug 2018 #1

I heard that lots of countries (or at least some) are now very skepical about ... SWBTATTReg Aug 2018 #2

Um. the Royal Bank of Scotland whathehell Aug 2018 #3

Buying and selling american housing, yes to your ? (I guess it's a question by you, SWBTATTReg Aug 2018 #4

Not housing - mortgage-backed securities whathehell Aug 2018 #5

I didn't blame the housing crisis on scottish banks...I pointed out that they (the banks) SWBTATTReg Aug 2018 #6

FYI, Sky News article today Link, and if you want to add to the OP. appalachiablue Aug 2018 #7

Thanks so much!! I have added link!! Take care!!! nt SWBTATTReg Aug 2018 #8

Thank you for posting. The impact of this hustle will last decades! appalachiablue Aug 2018 #9