To the Editor:
Change the narrative that the banks are the lenders. The banks are just servicers skimming off of investors money. The investors are the only ones with skin in the game. Do you think the banks with all of their experience would have made those loans with bank money? Ha. No way, they aren’t foolish.
Quit calling the banks the lenders. It’s investors money retirees pension funds police fire teachers. You should google John kasich gov of Ohio and his work at Lehman. He helped lehman loot 500 million from the staes pensions. Remember the bank would would never from the start put their skin in the game. The investment banks with the help of politicians like Kasich looted the pension funds to fund those bad loans.
126 Hyde Street
San Francisco, CA 94102
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