Subprime Mortgages on Fire Again

“As a dog returns to its vomit, so fools repeat their folly.” – Prov. 26:11

It appears there is some repeat folly brewing.

Remember subprime mortgages? Well, they’re back. 

According to an article published by SovereignMan, subprime volume at US banks doubled over the last 12 months and it is on pace to double again this year. Subprime loans rank among the fastest growing investments for banks in the US.

SovereignMan has dubbed these foolish bankers “financius dumbassus” to emphasize the foll...