Frist lets review the 2008 housing crisis/ subprime crisis.
A post several pages back summed up all that mess as banks having to give loans to niggers who couldnt pay.
While that was a part of the insanity that alone. is not enough to cause the proble.
first let me describe the way it was done decades ago.
Long ago in the before time you would have a local or regional bank.
So lets say your mr young dude, you have a relationship with the bank you opened when you got your first job at 16. now your 23 working full time at the awsome factory.
You go to the bank for loan, they have dude whose job its to figure out what a house is worth and what you can afford.
The bank makes you put down 20% that their cushion. They have no interest to "over leand on a house" There guy knows what shit is worth.
you put down the 20% and barrow lets say 150K at 5% for 30 years though back then interest woulda been alot higher.
your older brother comes back from vietnam and cuts off your legs and you lose your awsome job, you cant pay the bank from day one has a 20% buffer and what ever equity you have in the house, they sell it to get their loan money back.
Now lets move on to how things worked in the 2000s
That 150K loan at 5% would bring in about 189K over 30 years. The bank can wait to get their money over the period of time or they can sell that loan for something between 150K to 339K ether get their money back and then some or just wait it out.
in the 2000s you had companies that were not bank but loan originators, So lets say I m Kiwi loan company and I wanna put you in a house. So I give nick rekita a loan for his coom cave. I dont give a fuck what its worth the place is 150K> shit nigga I m gonna give him 200K, then I m gonna go a head and sell that load for 250K shit I just made an easy 50K and I can then go out and make more loans, then flip them to a bank.
What happens when all the people who qualify for a loan get a loan? Fuck nigga we can make people up, We can load on the same house over and over again shit nigga alway be closing!!! just give those banks some shit.
What do the banks do with this loans?
Fuck sell them to bigger banks!
what do the bigger banks do?
Sell them to wall street invest firms,
Wall street firms make them into Mortgage back securities!
The wall street firms pay rating agencies to rubber stamp their collection of shit loans
That get sold to public pension funds and equity firms and private capital groups.
The incentive structure for that whole mess had to do with money! and whose money did it have to do with? well until those loans got to their final destination the people do this shit were not doing it with their own fucking money.
To look at it from reverse you had huuge pools of money looking for rent seeking and a whole crooked industry evolved to service it.
So now with the change from US A ID I see that alot of the global homo propaganda was never as popular as people said it was, but more soo.
Money was involved the people promoting this shit were paid to promote it they were not doing so out of the good of their hearts.
Like the tranch or other trannies as soon as their is money they will turn on eachother.
Or those allied coffee shops that get set up to be fair and equitible and the black members barge in demand not only a seat at the table but the fucking money.
or the pride parade that had the smart white gays say "fuck this we are disbanding" but the niggers want their hand in the till.
