There are a few things you ought to know about banks. They killed the housing market in the U.S. They don’t want to lend to homebuyers. They are killing any chance of a recovery in residential real estate. And, they have the audacity to blame regulators for making new rules that they say prevents them from lending freely.
It amounts to a stacked game of Russian roulette. Only banks made up new rules. When they point their gun at housing, it’s fully loaded. When it’s housing’s turn to shoot back, they’re given an empty gun. What’s playing out is proof that banks hold weapons of mass financial destruction and are terrorizing us all into giving them what they want: more money, more money, more money.
First, bankers held their guns to regulators heads and threatened them all.
With their lo…