On: Mortgages are a manufactured product (2022)

[forgetfreeman]

I'm guessing this is in reference to the first shitheads to decide manufacturing synthetic investment instruments backed by home mortgages was a good idea?

[twoodfin → forgetfreeman]

The article explains why, yes, it was a good idea in the context of the US banking system.

[forgetfreeman → twoodfin]

Definitely a fantastic idea that ended well for all parties. GTFO. It beggars belief that folks would, even for a moment, consider participating in such a naked attempt to whitewash this.