agreed... reminds me of the subprime mortgage crisis
by flapjack (2024-01-31 15:13:17)
Edited on 2024-01-31 15:14:28

In reply to: Reminds me of a school bully...  posted by Kbyrnes

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Banks made loans to people that could not afford them. Those bad loans were hidden in mortgage backed securities. What could go wrong?

Trump put the bank at risk by lying about the value of his assets. Trump benefited by taking a risk with other people's money. It is not a victimless crime.

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