Consumers are victims, always. "subprime" describes the class of applicants targeted in the mortgage scam. In 99.9% of cases the banks were/are fully collateralized. The entire mortgage writing process is a fraud. Reference the Credit River Decision 1968, Mn. and UCC exchange law. They killed the judge afterwards, but the decision still stands. Why do you think Goldman gave out $600M+ in bonuses for 2007?
Consumers are victims, always. "subprime" describes the class of applicants targeted in the mortgage scam. In 99.9% of cases the banks were/are fully collateralized. The entire mortgage writing process is a fraud. Reference the Credit River Decision 1968, Mn. and UCC exchange law. They killed the judge afterwards, but the decision still stands. Why do you think Goldman gave out $600M+ in bonuses for 2007?
guesswhotoo6 4 years ago