non prime

  1. 5,418 Posts.
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    just read an article on bloomberg 'subrime bonds are back with different name seven years after US crisis'.

    I'm building an unhealthy dislike for banks.Its hard enough trying to decide my investments for my future as clearly the variety of opinions on this forum indicates.Governments make it hard enough.
    When are the so called regulators going to understand banks are not normal businesses and need to be regulated or completely new business models developed until 'regulators' understand the real situation and understand what controls or changes need to be made.At the moment banks are out of control.
    Apparently going by this article banks are doing exactly what they did with sub prime only now they call it non prime.The suggestion being the banks will hold the more riskier mortgages which sounds complete bs to me.
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