The mortgage industry is more than just banks, but let’s refer to the lot as “banks” for simplicity. Banks are run by stupid, short-sighted people. They brought the current mortgage crisis, quickly turning into a general credit problem, upon themselves. They will wise up just in time to make us pay for their mistakes, but you already knew that.
Banks: No One Said They’re Smart
Banks: No One Said They’re Smart
Banks: No One Said They’re Smart
The mortgage industry is more than just banks, but let’s refer to the lot as “banks” for simplicity. Banks are run by stupid, short-sighted people. They brought the current mortgage crisis, quickly turning into a general credit problem, upon themselves. They will wise up just in time to make us pay for their mistakes, but you already knew that.