• nuachtan@lemmy.world
    link
    fedilink
    English
    arrow-up
    6
    ·
    17 days ago

    That’s just the thing. Everyone (in the industry) knew the sub prime market was going to be a problem. My sister worked for a company that specialized in mortgages and said in the early 2000s that the sub prime market was predatory, was lending too much to people that were never in a position to repay the load, and that the whole system was going to crash.