Don't get me started on the big new idea on Wall Street to turn rent payments themselves into a securitized financial product (as opposed to doing this indirectly via selling mortgages to landlords)https://twitter.com/thrasherxy/status/1358632730217562112 …
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Buyers got mortgages on homes, the real estate market tanked homes underwater or didn’t pay attention to the balloon payments details. Banks eagerly approved them and later on foreclosed and resold.
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