‘Our Industry Is Absolutely Crazy’: The Subprime Wolf Of Wall Street In 125% Interest Clothing

“Our Industry Is Absolutely Crazy”: The Subprime Wolf Of Wall Street In 125% Interest Clothing (ZeroHedge, May 22, 2014):

The last time we wrote about the number 125% it was in the context of the return of that old Subprime 1.0 staple home loans that cover more than the purchase price of the home (because one must always have some leftover cash for improvements), i.e. 125% loan-to-value loans. Today 125% comes back and again it is in the context of subprime, only this time it is about the second coming of the credit bubble when, as Bloomberg writes, a certain group of distinguished individuals is now offering loans to troubled Americans at the whopping annual interest rate of 125%.

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