Author | Thread |
AUTOADVERT |
newyorknewyork
Posts: 30166 Alba Posts: 1 Joined: 1/16/2004 Member: #541 |
![]() Most were surprised that he went #1.
https://vote.nba.com/en Vote for your Knicks.
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NardDogNation
Posts: 27405 Alba Posts: 4 Joined: 5/7/2013 Member: #5555 |
![]() Nalod wrote:Gilbert made his scratch on Quicken Loans, not subprime. Thats not to say they relaxed underwriting requirements like most banks did back in the day. The poster children for subprime was wall street banks who bundled the bonds together and the idiot rating services that went along with assigning a higher rating than deserved. Also to blame is the idiot buyers who thought those high interest rates don't come with risks. This isn't the original article I read but there are several articles online about QuickenLoans/Dan Gilbert and how they made their bones off of predatory lending. I got no way to criticize the sources but I doubt a man of Gilbert's means would allow for people to write slander about him/his company unless it were actually true. |