/biz/ - Business & Finance

>>23159509
AYO these mfkers be givin' out free houses 'n' shieeet

>>23159509
Lol the people getting the free loans will then figure out a way to game the system, buy useless trash, and then be broke again but now in debt and the banks will own the homes, leaving these nigs still broke, newly homeless and a debt slave.

>>23159509
cool, more cheapies

>>23159509
It's like 2008 never happened LOL. I look forward to this one.

im so sick of living in a world where white men are not in full control anymore. we're literally watching the death of the west.

das rite.

>>23159749
what are you talking about? Make profits communist.

Occupy Wall-street must be rolling in the grave right now after seeing this. The Banks have won again!

> heroic action by bank! Chase continues to offer lending services for high risk, high interest loans as they always have in an effort to end systemic racism!

>>23159749
Its not your fault anon. We inherited a mess with these plans in motion. Watch the collapse in real time and focus on protection yourself and your family. The greatest adventure of our age is about to truly begin.

>>23159509
Good luck with the new neighbors kek

>>23159509
das grate news fo mah niggaz we finna get rich

>>23159509

Guaranteed the loans will have abusive interest rates

>"oh shit the niggers and spics are pissed and the jews are giving them a free pass to fuck shit up, how do i protect my assets as rich white man?"

I watched the big short last night, good film. Hard to believe only 1 person ever went to jail for the shit that went down.

Then after a bit of googling, I find out the fucking banks ARE DOING IT AGAIN. Instead of CDO's (Collateralized Debt Obligations) they simply renamed them "Bespoke Tranch Opportunities"

All bankers should be lined up against a wall and shot in minecraft

>>23159509
LMAO NINJA LOANS ARE BACK BABY

>>23159509
Are they trying to enslave blacks with debt that they can't pay back?

>>23160307
Yeah. Debt is the only way banks can beat inflation

>>23159749
I’m gonna watch it all go up in flames on my phone while I’m poolside somewhere in New Zealand.

>>23159509
It would be perfect timing if they crash the housing market in 1-2 years.
That's when I plan on buying.

>>23159749
The jews won.

>>23160359

Shit like this takes a decade+ you better buy now.

>mfw those trailer parks and homeless shelters are for us

>>23160339
>I’m gonna watch it all go up in flames on my phone while I’m poolside somewhere in New Zealand.

nigger new zealand is just as fucked as anywhere else.

>>23160451
When all is said and done, the Amish will be the last white people on the planet.

>>23160451
>nigger new zealand is just as fucked as anywhere else.

South island is near enough the same size as the UK and has a population of about 1 million people. Its easily the comfiest place on the planet to ride out any kind of societal collapse or apocalyptic event.

>>23159509
They are taking advantage of current trends while knowing full well that this will lead to a housing crisis like the last financial crisis and are hedging this behind very closed doors. We will suffer a new financial crisis caused by those who will gain massively from it while innocent people once again will loose their hard earned money.

>>23159509
the whole reason they don't lend to browns in the first place is because they fucking lose money hand over foot when those browns don't repay the loans. If it were profitable to give loans to browns to start businesses then they would already be doing it. They already have generations of data on this, yet they're allowing the left and virtue signaling to force them into extremely anti-profitable actions. What a fucking clown world.

Time to short JPM, bois.

>>23160847
but how can I profit from all of this?

>>23160297
yupppppp
>>23160306
have been for awhile
.t REFag

Shit might take a little while still but we have a big ol crash ahead of us boyos

>>23159509
so they'll pump the housing bubble?

>>23159509
KEK these really are the end times, 99% of my net worth is unironically in crypto LMFAO niggers and spics have no idea what’s coming

>>23160949
keep your eyes peeled. maybe 12 months, may be 24, its hard to predict.
but when it comes it'll be like in march when the market gaps down 15% in a matter of minutes. but worse.

Its hard to profit from it because either you're desperately trying to predict the rug and your shorts are bleeding out, or you're holding stocks and you'll instantly lose 8 months of profit when it finally arrives.
If you stay in cash you just lose out on profits as the fed accelerates.

>>23159509
hell yea my nigga gimme that mortage money my nigga

>>23159509
>JP MORGAN PROMISES TO GIVE BILLIONS IN LOANS TO BLACKS

>*sound of shorts opening in the distance*

>>23159714

>leaving these nigs still broke, newly homeless and a debt slave.
Based bank

Bwahhaha yes please

Gives loan to scum knowing they can't pay it back. Take their house. Lmao

so i can get a homeloan and all i have to do is say im black? times have changed.

>>23160339
New Zealand is fucking gay, goddamn I hate hakas and their stupid abos
If you're gonna retired go somewhere cool like Japan or Italy or Switzerland

inb4 the bank gets a fuckton of government subsidies to make up for its non profitability and whitey ends up paying for it in the end anyway

>>23160297
>Then after a bit of googling
they literally say that at the end of the movie

>>23159509
>Black and Latino homebuyers with a credit score > 750.
Like the JP board would allow anything else, especially during these times.
OP.... read between the lines next time.
Try harder.
Ok, sport.

so how does this work?
What do I need to open a loan shop?
do the banks buy the debt from you after you issue them?

>>23159509
>in an attempt to do more to ''break down systems that have propagated racism and widespread economic inequality''

why dont we start with immediate illegalization of usury.

>>23160814
1 million is fucking crowded

This is fucked and I’m extremely upset how retarded everyone is with this. Marxism is jammed down our throats from birth. People have no clue how the bad the situation really is. Death by 1,000 paper cuts . Jesus is the only answer

why don't they just make you take an IQ test in order to be approved for a loan

>>23162782
antisemitic much?

>>23159749
No, you're literally about to watch a live action comedy where they trust blacks and other 3rd worlders with home loans. Kek

>>23162887
California already determined iq tests on blacks was discriminatory because they kept doing so poorly.

>>23162887
/biz/ shitcoiners in shambles

>Economic downfall only comparable to Great Depression
>Small businesses dying
>Record levels of BRRRRing
>Massive bailouts imminent in a few years
>Record high unemployment this year
>Now shit like this
It's gonna be fun bros, buy crypto and PMs

>>23162709
Ayo nigga credit scores be racist n shit. nigga how am I supposed to have good credit when a bitch still be hitting me up for child support? nigga he's 15, practically a grown man, why I still paying for that Lil nigga? Bitch you got a new man, don't you? Get that nigga to pay for his bike n shit. Anyway credit score is systemic racism n shit, we taking that shit down.

>>23159509
This is a legit great time to buy low-grade mortgage backed securities, and then before the CARES expires, dump them on some sucker on the open market. Mortgages are appreciating since they've become non-default-able debts, and the more people delay their payments, the higher the value of these things go.

MBS holders are getting a deal of a lifetime.

It worked in 08' and it will work again. Rather than complaining about the 08' financial crisis, why not benefit from it personally? Be the villain you've always hated all your life.

>>23163167
How does someone on /biz/ actually do this?

>>23159509
2 0 0 8 d i d n ' t t e a c h t h e m a n y t h i n g d i d i t ?

>>23163167
>look up "mortgage-backed ETF"
>all single-digit returns YTD

Yawwwwwwwwwwwwwn. Fucking boomers get off my board.

>>23159749

White men are in charge and they decided to throw 99% of us to the wolves so they can profit a few shekles. We have nobody to blame but ourselves for putting up with it.

>>23162887
Well because that would be extremely racist

>>23159714
>debt slave.
what are they going to do, make them work?

>>23159749
Don't worry too hard friend, it all ended back when the gold standard was abandoned, we're just reaching critical mass right now. :)

>>23159509
>break down economic equality by putting blacks into enormous debt
based?

>>23159509
>>23159714

one or both of these will be correct, but certainly will they find a way to blame white people

>>23163416
(((white)))

>>23163493

>White people: "Jews are an over represented minorities that use institutional power to oppress people"

>Black people: "Whites are an over represented minorities that use institutional power to oppress people"

Get over yourself

>>23163603
whites are objectively correct while blacks are objectively wrong
>1% -> 30%
>70% -> 50%
>13% -> 50%

>>23159509
I'm mexican American but white-looking. How do I get free loans?

>>23163428
>there's absolutely no difference in intelligence between races and you're racist for thinking so
>IQ tests are racist.because certain races do consistently poorly on them
choose one

>>23163603
Average white person probably thinks Jews are white, what are you even talking about

>>23163603
>Get over yourself

Why are you blatantly lying.?

>>23163603
A lot of blacks think jews are white though. They don't differentiate between jew and gentile.
>dey look white tuh me

>>23159509
They're letting you guys cash out at the top. Absolute sell signal

>>23159509
Break down system(s)
And replace it with a new system
That gives them more control

>>23160339
I saw more turbans in 2 weeks in NZ than 30 years in California

>>23160847
>shitskins
>Innocent people

>>23159509
Aka we have too much of this paper shit that we know is headin to 0 and need to give it away even to extreme risk niggers who won’t pay it back, last chance to buy bitcoin and gold

>>23162587
This, nz is full of apes

Do we get a sequel to The Big Short?

>>23159509
fuck niggers but this is actually good. assets need to implode and crash

>>23164928
ok cause cheaper easier money to niggers who could never enter the market previously is gonna make the market go down .. anon..

>>23159509
Sheeit you can't make me pay the loan. Dats rayciss.

>>23159509
I'm a wealthy Black man with 800+ credit score. How do I profit from this??

>>23165203
Take on more debt, you should be anyway, I’m sure for blacks the lending laws with be softening further allowing you to buy more rentals. Rates have been guaranteed to stay low for 5 years, they can’t raise them due to how much debt the government is carrying now. They’re gonna inflate their way out of it, house prices Will moon. Take advantage of the easy money

>>23159749
We'll be back, anon

>>23165407
lol keep dreaming

Lads

My dad is 100% latino
My last name is Spanish

Can i get in on this?

>>23159509
Guess I'm Latino now lmfaao

>>23159509
And they get bailed out by the taxpayers again? Lol

Just virtue signalling. This doesn't mean they'll change their vetting process for loans (keep out risky entities).

>>23159509
lmao these fucking jews will nickel and dime poor blacks and hispanics for all their cash, take their properties and sell the debt to collection parasites.

>loan application
>please indicate whether you identify as white (non-hispanic) or latino

>>23165724
Its inevitable

There’ll be relaxed requirements for niggas to get home loans(low or no deposit) and better rates/terms as they miss payments

>>23159509
>>23159714

the mortgage crisis involved trillions worth of derivatives. rolling out a couple PR programs worth a few measly billion to gain political and social points is definitely NOT the same as a multi-year systemic multi-trillion dollar scam.

>>23165869
Yeah but that doesnt mean what I said wont happen.

>>23165869
And what do you think is at the base of said derivatives (I'll give you a hint, it's an asset such as LOAN NOTES!).

>>23159509
This going to create a Communist revolution when they fail their mortgages. By design, of course.

>>23165407
You only had one shot and you fucking tried to invade Russia. Literally the place where the whitest niggers live.

>>23159509
Lel americucks will just bail them out again, banks will get another slap on the wrists and they will walk away with trillions. Now get back to the Amazon warehouse wagie, we're increasing your shifts to 40 hours a day to help pay for this bailout

>>23159812
If you called be stabbed Infront of your family for a tin of food and adventure then sure.

>>23166077
Wagie cages aren’t even fud

>>23165724
It's the only way to get an interview if you are white btw.

>>23159509
I do. Please. I want a house in the woods for $100k. That's it.

...hopefully my TOMO stakies do good in 2021.

>>23163065
i hate niggers but they're unironically correct about child support, it's literal modern-day slavery

>>23166400
Divorce in this country is insanity. Marriage is such dogshit.

>>23166400
it would not be, if it was tied to a refusal on the behalf of the father to be involved. but, as it stands, child support is just a way hoes extract money from men who want to be with their kids. hoes steal the money, fuck women, fuck hoes.

>>23160814
Everyone knows the elite is building bunkers there. If the world turns to shit you can be sure some faction will go there and purge them violently, probably turn the whole thimg into a nuclear wasteland and I wouldn't cry on it.

>>23160339
>poolside

Definitely not a local then if you use burger slang