Comments by "Piccalilli Pit" (@piccalillipit9211) on "US Banking Crisis: The Truth Behind The Disaster" video.

THEY BOUGHT BILLIONS OF $ OF 10 YEAR BONDS and nothing else - that means they were banking on the interest rate staying at close to 0% for 10 years
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@willblack8575 Well my sister is a martial arts teacher - not a banker, and she realised that at basically 0% her mortgage could only go UP so she re-mortgaged at a fixed rate for 5 years... I love my sister and I dont want to diss her - but if SHE can work it out, the least financially astute person I know - its genuinely criminal these guys didnt...
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