OCC enforcement action: $6M fine to Sterling Bank. I thought those NINJA loans were not to be used after 08. I guess not every bank got the memo.

by laflammaster

Dr. Brrry said before every major crash, there’s an increase in complexity and fraud. I think we’re definitely back there. NINJA loans are degenerate behavior and you’d think these drug addicts would know better. But they don’t.

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