Welcome to the Superprime Banking Crisis

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Banks for rich people are different from other banks. They used to have more money.

Banking’s last crisis featured subprime borrowers, specifically people with troubled credit who were given mortgages by bankers who ignored the risk that the borrowers wouldn’t realistically be able to afford them. Banks that got into trouble were ones that churned out such loans or gorged on them in securitized form.

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Source:" WSJ "

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