"An investor deserves to make their money back," Gordon said. "And there is real money at stake."
"I'm looking at some of these bonds that were traded that we helped create. And that's when I had the aha moment," Gordon said. "There's a great opportunity to have a good business."
The business is to buy these bundles of mortgages for sometimes pennies on the dollar. Some of them were worthless. The people who borrowed the money would never pay it back. But other mortgages might be worth something. And for the second mortgages, that was particularly true if you were willing to wait.
They don't even factor in the people, the humans living in these homes and how it may affect their lives. For them it's all business and money. God I fucking hate business people.
Also:
“An investor deserves to make their money back,” Gordon said.
No they fucking don’t, the whole point of that system is to let investors take on the risk to force them to make a decision on what investments are most likely to yield results.
Exactly. It's a fucking gamble.
You want a nearly risk free investment, I suggest a high interest bank deposit. No one "deserves" a return on mass mortgage speculation.
What a bunch of fucking crooks. My god.
They don't even factor in the people, the humans living in these homes and how it may affect their lives. For them it's all business and money. God I fucking hate business people.
Also:
“An investor deserves to make their money back,” Gordon said.
No they fucking don’t, the whole point of that system is to let investors take on the risk to force them to make a decision on what investments are most likely to yield results.
Exactly. It's a fucking gamble.
You want a nearly risk free investment, I suggest a high interest bank deposit. No one "deserves" a return on mass mortgage speculation.