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n2doc

(47,953 posts)

2. Ponzi schemes work great for the early 'investors'

Reply to dixiegrrrrl (Reply #1)

Fri Nov 29, 2013, 02:26 PM

Nov 2013

And the housing market was turned into one huge Ponzi scheme.

The final blow comes when the foreclosed house is sold for cheap to investors, who then rent it back out. Everyone makes money except the renter and the foreclosed upon.

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Mortgages Without Risk, at Least for the Banks [View all] n2doc Nov 2013 OP

Think for a minute what this is saying: dixiegrrrrl Nov 2013 #1

Ponzi schemes work great for the early 'investors' n2doc Nov 2013 #2