Are the banks at it again: Facebook = sub-prime mortgages?

[alamolicious]

No they aren't at it again. The reason is because they haven't stopped doing what they were doing before. Keep an eye on their assets and the sales purchase and buying of assets. This lot are still buying and selling sub-prime mortgages that are still in existence from the first lot. They are still being bailed out for them as well. The government won't admit to it and help them keep it quiet but it is still going on.

Point is that the banks are still doing the exact same things that got them into this trouble. The only thing they do differently now is that they won't loan money except to those they have a vested interest in and all loans are now considered to be sub-prime. They and our governments have found a way to exclude them from any risk at all; and so, both are making profit from both sides. The people taking out the loans, for whatever reason, and the taxpayer will pick up the debt if and when it goes wrong.

The bankers are bad guys but the government that abet them in what they are doing is even worse.