Reply #12: Now we know who expected to make a killing every month,

[Waiting For Everyman]

and provided the motivation for the bankers' tactics.

I already knew. (Who they were, I mean. I've been watching this, closely, for like 7 years now... as a "captive audience" so to speak.)

Modest returns on legitimate investments weren't good enough, so "investors" turned to plundering everyday people for every dollar they could steal, by every crooked device they could dream up. Bankers called it "policy". Did you know that mortgage servicing banks' costs are made ENTIRELY on penalizing fees? ALL OF IT, no cost of doing business to the investor whatsoever. Zip. None. Who paid it, I wonder? Could it be borrowers with scores in the "ooo, you aren't as cool as we are" category, the "you have an ill family member so fuck you" category??? Ya think? Those people have been paying DOUBLE INTEREST for the same capital FOR YEARS NOW - like a decade. Oh and they're the same people who are underpaid, so that makes paying double interest really possible too - gee, why do they default so much? They're so risky, those deadbeats, aren't they? We'd better charge them even more, just to be SAFE. BULLSHIT. And whose pockets did all that extorted money go into? I was curious myself, that's why I noticed where the trail led.

Lives destroyed every day. Nobody minded, as long as the portfolio went up. It didn't even make the news until it became an EPIDEMIC.

And pension fund contributors should've directed where their money was going, and what it was enabling, but no... that would take too much effort.

Investors (i.e. speculators, gamblers, predators) can go to hell.

They took a loss? Oh boo hoo. Eventually, some day, they were going to finish off the goose that laid the golden eggs. Did they care? Did they listen? HELL NO!