How Fair is Banking? with Professor Mehrsa Baradaran
Getting Better with Jonathan Van Ness
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Is Your Mortgage, Your Business Loan?
The vast majority o people don't have 500 thousand dollars, let's say, sitting around to buy a house. But you do have an income, right? So you say, i get paid every month this amount of money, and i will promise you. And that's how banks make money. Is it tat your trading or what? You're trading your income for their loan. Now, there's a whole bunch of investors out there too, who want that interest income. If you want to invest, you can invest in other people's mortgages through yuow, a mortgage back security. That's essentially what that was during the financial crisis.
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