This has a familiar sound to it . . . 🤔 Thousands line up for zero-down-payment, subprime mortgages cnbc.com/2018/10/12/tho
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They learned what we taught em. "'It's total upside,' said AJ Barkley, senior vice president of consumer lending at BofA." -- total upside because "too big to fail" means, by definition, that banks only participate in upside. Downside is for sucker taxpayers.
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I'm not saying they should be bailed out either. Those people will certainly absorb the downside of their bad decisions. Can't say the same for the banks.