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A comment on Have the record number of investors in the stock market lost their minds?. Parent comment

Re:Have the record number of investors in the stock market l... by ordinaryradical on Saturday May 16, 2020 @12:39PM (#23204944)
And the banks themselves are overexposed due to what appears to be systematic cooking of the books on these loans. See this article published yesterday about one whistleblower’s fight to expose this:

https://www.propublica.org/article/whistleblower-wall-street...

To pull out just one of several frightening figures from that article, just one of the commercial backed securities they analyzed appeared to have over half its properties fudged to appear more profitable.

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Re:Have the record number of investors in the stock market l... by canada_dry on Saturday May 16, 2020 @03:07PM (#23206251)
> several frightening figures

It's hard not to imagine some pretty frightening scenarios on how this might play out over the next 12-24 mos. The far-reaching unemployment this could cause (if/when lenders start calling these loans) has significant long term implications.

[ Parent | on HN ]