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Originally Posted by AVGWarhawk
I think the reality of keeping up with the Jones was the cause. I always wonder how the Jone's got their money in the first place  |
That's true, there was definitely a lot of that. Shows like "Flip This House" and that garbage only fed the fire. There was a ton of demand, and banks were all too willing to feed it and give money to people who had no business getting a loan. And why shouldn't they? If they knew they could make a loan on Monday and sell it to Wall Street by Friday, what the heck did they care if the borrower was going to repay it 30 years down the line?