AnonymousArsonist 23491 points


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It's relatively simple. In many cases bad mortgages (and many other forms of debt for that matter) are packaged up with a load of other debt and sold in shares to investors (aka securitization). These collateralized debt obligations (CDOs), once sold, are no longer really the bank's problem because they've already gotten their money back. From the bank's perspective, this is great. They get to make many, many more loans at a fraction of the risk as long as the secondary CDO market remains liquid. From the borrower's perspective, this is also convenient in the short term because debt becomes much easier to access at lower cost. Where the system runs into trouble, and why the 2008 crisis was so bad, is that this fundamentally undermines the concept of banks as gatekeepers for the quality of debt. There is zero incentive for the bank to deny someone credit if they can't repay the debt, because the bank can turn around and sell the debt before they have to deal with collection. on Funny Pics (Upvotes: 25)
Now imagine this with balls on Funny Pics (Upvotes: 22)
Jesus, did they fill those balloons with Hydrogen or something? on Funny Pics (Upvotes: 19)
Sounds like the kind of dude to have french fries at home and home fries in France. on Someone needs to arrest this lad. He’s too mad. (Upvotes: 16)
I have no experience in animation, but if this is real it looks like some sort of layering quirk to save time animating. Can't explain away the nose except maybe a one-frame screw-up in the smile animation that got overlooked? on Funny Pics (Upvotes: 15)

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