[Ntrails]

Retail Banks were able to offer high risk loans with relatively low concern about the actual quality of the loan, due to the high demand for the repackaged assets. The repackaged assets used shenanigans to trick ratings agencies and make the lower quality loans look relatively secure. Thus secondary prices for the loans were high yada yada.

This is a general comment, nobody is saying every bank required zero documentation.

> I got a "no-doc" non-conforming FHA loan back then. They fucking strip searched me. It was not easy--I still have PTSD from it

I cannot imagine how bad some forms and id checks would have to be to give me PTSD.

> So STFU.

Not useful.