Yeah - no. Can’t stress enough that this was not the case. Firms like Countrywide and New Century couldn’t give out loans fast enough and they didn’t care if you could pay. The loans went right back out the door and ended up in some sucker’s portfolio as RMBS ten minutes later. https://twitter.com/polsknowls/status/1040352752176492544 …
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So “yes”, then.
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Frame game has a great 2 part podcast on this on jf's public space channel. From about a month ago.
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Amazing how many times that little factoid has been left out of any discussions on this subject....
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