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kleinbl00 · 3183 days ago · link · · parent · post: Wall Street Veterans Bet on Low-Income Home Buyers
Here's what I know: if it's advantageous to you, it's probably illegal. Banks don't do shit out of the goodness of their hearts so always try and figure out who's getting screwed. If it's you, don't do it. If it's the guy with worse credit than you who isn't going to get the offer... ...well, that's why we're in a 15-year. There was no way I could force Bank of America to offer their TARP funds to the people who needed TARP funds, and hey - when they offered them to us, we were grinding up placentas for money so it's not like we were living phat. But it was a $70k giveaway that benefited us and it wasn't supposed to.I agree with him in principle, but goddam is it ever tempting to make a quick buck when possible.