[dupe]

Some more discussion:

https://news.ycombinator.com/item?id=41299205

Oh, is that why all the banks are increasing their checking account fees this quarter?

Those losses have to be socialized somehow!

I mean, they are making interest off of it... so it's not like it's a horrible investment.

It was horrible by ibanker standards when they came to find they couldn't sell the loans. And then it got worse.

Ha ha! (Nelson Muntz)