Originally Posted by liberalminority
Originally Posted by SiliconMagician
What scam exactly? I wasn't aware a home loan was a scam.
It becomes apparent that it is a scam when the creditor or corporation itself needs a bailout from the taxpayer because it cannot compensate for its own losses.
If they sold legitimate loans there would be no reccession much less a need for them to be bailed out for their own swindle