They couldn't make the payments. When they couldn't make the payments, you had too many people who were having to just give the homes back to the bank. When that occurred, It created a systemic crash in the financial markets. At this time I was working in commercial banking when this started. And then I switched to insurance. And when I was in insurance, we had a client, they were Taiwanese. (05:29–05:33)
CLAIM
Asserts that the return of homes to banks caused a systemic financial crash.
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