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okboomer9

11 karma · joined March 28, 2022

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okboomer9··on Crazy Eddie: The popular electronics chain that scammed America
Never hear anyone suggesting we start charging people who lied on their loan applications even though it was rampant.

People frequently would say they were going to make $X/yr where that number came from the amount of money they expected the home to go up, not actual income on a W2. Banks were selling the loans so they often didn't care to get real documentation of income either.