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Message Subject "NO BID" threat looming. When the computers stop trading...any tradable funds may drop to zero!
Poster Handle Anonymous Coward
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Most loans to NINJA customers with horrible credit SHOULD NOT BE GIVEN. They are allowed because it gives the banks a legal excuse to say they have new ASSETS when they know the ASSETS are CRAP!

The system runs on DEBT, so the banks simply need "PEOPLE SIGNING ON THE DOTTED LINE" to fraudulently bolster the "debt end".

This is why the housing market was opened up to NINJA. The banks knew they would ultimately NOT get stuck with the non-payment part, yet they still get to show the loan as an asset for awhile, then it gets wrapped in some other complicated "fund" scheme and sold.

Am I wrong?
 
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