- If a bank gives a loan to someone for a house that they cannot afford, they need not worry
- The government will buy the "asset" from them for whatever was paid
- If the bank sells out or files bankruptcy, the government might pay MORE than what the bank paid
I think I'll open a new bank, give lots of homeless people loans to buy mobile homes for a million bucks. I'll draw a $120million salary until I file bankruptcy and stick the government with the bill.