The banks that originated his loans stood to make a percent profit when they res...

digitaltrees on Sept 28, 2020 | parent | context | favorite | on: Trump’s Taxes Show Chronic Losses and Years of Inc...

The banks that originated his loans stood to make a percent profit when they resold them as securities on a secondary market. The bank probably did Less diligence on him than on your mortgage because they’re not regulated on such loans.