Any vaguely capable underwriter knew what was going on. Yet it was a gold rush. All the safeguards had been compromised and the clients had not gotten wise. So make as much now and hope you can stick the bill to the government when it does collapse.
Which is what happened. The folks in the government have never taken full revenge. I cannot believe that they do not know as the leaders all worked across the street. again the loop is closed.
In my opinion, the too big to fail crowd need to be outright nationalized in order to progressively calve off much smaller competitive banking organizations. This also allows the massive investment made by government to be recognized and liquidated as well..
SEPTEMBER 6, 2017 2:54 PM