...as in coming home to roost, banks post their worst results in 17 years. Now there is concern that home equity loans may trigger more losses. Let's think about this; for nearly two decades, banks have been encouraging people to treat their primary residences as ATM's. Just yesterday, I received an offer for a home equity loan. Mailed to an address with "Apt 4" as part of the street address. Obviously, the banking industry needs to take a few more tens of billions in losses because it is still being run by retards.
I have no sympathy whatsoever for the financial sector. They made their bed, now their chickens can sleep in it. Or something like that.
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