Crooked banks around the world would gladly give a loan today
Lupe refers to the “balloon payment” loans that banks were knowingly giving to highly unqualified people. Once they were able to buy the house with the loan, they couldn’t afford to stay there and the bank got to repossess their home. In the end, the bank now owns a house (worth a couple $100K) plus all that money they loaned you, plus penalties, late fees, etc… In other words, they get much more skrilla when they fuck you over.
Apparently Lupe doesn’t notice that credit markets (particularly for homebuyers and consumers) remain relatively static. Maybe in Lupe’s world all banks can magically borrow from the Fed discount window?
or maybe the recession that just occurred in USA was magically created by the people to fuck themselves over.
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