/biz/ - Business & Finance

>>53912204
>1. It took time for subprime mortgages to accumulate
This isn't a straight line. Something kicked it off from 2002 to 2004.

>2. Banks used financial trickery to delay eventually having to eat the costs of non-payers
Look at delinquency rates. You're talking ARMs and interest rate shit and whatnot as home prices stalled out. That's a 2005 to 2008 dynamic rather than a 1990's one.

>3. The weak lending practices led to housing price expansion which led to speculation and thus additional speculative demand, it took time for the bubble to inflate and it took the bubble popping for the mechanisms which protected banks from their own subprime lending to fail.
Yeah and this is post tech bubble Fed Jewry, *not* 1990s black lending policies. The latter was a constant but only a fraction of the loan action rather than the whole enchilada.