Stefan Molyneux on Twitter

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If a bank makes only 3% profit on a loan, for every loan that is not paid back, over 33 need to perform perfectly. Banks have been perfecting risk assessment for thousands of years - why would they suddenly change?https://twitter.com/Hosscaptn1/status/1170079622622523400 …

Hosscaptn @Hosscaptn1

Replying to @irish4ever4 @DanSanchez and 2 others

Banks don't willingly lend to people who can't pay back a loan. They have risk assessments in place to midigate the risk of loaning to someone who can't pay back. The government told them they had to ignore some of the factors in their risk assessments

2:02 PM - 6 Sep 2019

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1. MICHAEL ‏ @floodofnoise Sep 6
  
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  Government didn’t hold a gun to there heads, government gave them the ultimate golden parachute, government secured the bad loans with our money
  
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1. danish-smile‏ @abbey_davids Sep 6
  
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  ??Fractional reserve lending!You know better than this! If a bank has access to Central bank funds it NEVER loses!
  
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1. Robert Fischl ‏ @robtdfischl Sep 6
  
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  They have "don't make a loan" policies in place now
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1. Robert Fischl ‏ @robtdfischl Sep 6
  
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  BTW 1% on loans is a good return
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1. Loren Porter‏ @rorochub2 Sep 6
  
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  Stefan, that risk is priced into the MBS. They are stratified based on risk characteristics. Investors take risks based on those characteristics. That's how the mortgage market works
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1. Klayt Morfoot‏ @KlaytM Sep 6
  
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  If they know they’ll get bailed out.
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1. John Galloway‏ @JohnRobGalloway Sep 6
  
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  Stefan, what is being loaned? https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy …
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1. ActionFitnessCT‏ @LogosOfHealth Sep 6
  
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  According to the mortgage crisis- Racism
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1. bishopblakk‏ @bishopblakk Sep 6
  
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  Watch The Big Short...think that did a pretty good job of summarizing what and how things went so wrong. You’re welcome
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1. Gent L'orangue‏ @sap_le Sep 6
  
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  make two loans of 100 at 2% for one year. one loan must fail (and collateral forfeited)
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1. lowell white‏ @Lowellwhite Sep 6
  
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  I am refinancing my home with a lower interest rate with the same mortgage company with the older, higher interest rate. Why would that company do this seeing as how they would make less profit from the new mortgage? Closing costs and fees!
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1. Bar Hei-Hei בר הי-הי‏ @BarHeiHei Sep 6
  
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  Thousands?!
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1. BillyDeFatman‏ @billy_fatman Sep 7
  
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  Not really bankers measure returns on an annual basis. It would be more accurate to say banks make 3% per year on a loan. Therefore if a loan fails the bank needs 33 to perform perfectly that year to cover the loss, not 33 to be completely paid off.
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