Banksters use other people's money. You and your neighbors give them money to get interest. One of the ways the banksters earn money for their depositors is via mortgages.
If it's such a great business, why don't more people cut out the middle man and provide mortgages themselves??
You know this.
The problems with housing and mortgages isn't the S&L banksters giving out 4-5% 30 year mortgages, it's the CDOs and so forth, the PMI scam, and the lack of affordable housing (zoning, NIMBY, etc.).
Cheers,
Scott.
If it's such a great business, why don't more people cut out the middle man and provide mortgages themselves??
You know this.
The problems with housing and mortgages isn't the S&L banksters giving out 4-5% 30 year mortgages, it's the CDOs and so forth, the PMI scam, and the lack of affordable housing (zoning, NIMBY, etc.).
Cheers,
Scott.