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The Water Cooler
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Why does Wall Street want to buy your house?
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<blockquote data-quote="GC7" data-source="post: 4125807" data-attributes="member: 2455"><p>Predatory in this sense means allowing people who cannot afford to rent homes, to rent homes. Same thing as the old NINJA (no income, no job or assets) loans that contributed to the 08 crash.</p><p></p><p>The entire point being, the banks want to sell these RBS bonds and will let the underlying rentals be extremely risky because that risk is not exposed to the buyer of the bond.</p><p></p><p>[URL unfurl="true"]https://seekingalpha.com/article/2190163-the-newest-trick-in-the-book-rent-backed-securities[/URL]</p></blockquote><p></p>
[QUOTE="GC7, post: 4125807, member: 2455"] Predatory in this sense means allowing people who cannot afford to rent homes, to rent homes. Same thing as the old NINJA (no income, no job or assets) loans that contributed to the 08 crash. The entire point being, the banks want to sell these RBS bonds and will let the underlying rentals be extremely risky because that risk is not exposed to the buyer of the bond. [URL unfurl="true"]https://seekingalpha.com/article/2190163-the-newest-trick-in-the-book-rent-backed-securities[/URL] [/QUOTE]
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Why does Wall Street want to buy your house?
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