The Wall Street Journal Pines for the Return of Liar’s Loans

The Wall Street Journal Pines for the Return of Liar’s Loans

Let us not deceive ourselves. Wall Street got a "crack" high from liar loans. Big profits were made and the middle class was robbed and beaten down. But that has not stopped Wall Street from wanting more liar loans.

No honest lender would make liar loans, especially to the masses of people who received them the last time. Stated income loans are for the very few, not the masses who are blindsided by price manipulation through the sheer number of the loans themselves.

But you can be sure that Wall Street has not changed and wants the easy money profits liar loans afford.  

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