So who benefited from this mortgage crisis?

Question

dont tell me there are real people out there, sitting in their mansions laughing at the rest of the country in this mess..WHO are the people who knew what they were doing, and made money knowing full well what would happen?>?

Answer 1

Well, the lending agencies certainly caused most of this mess.  But consider this....if a person is foolish enough to go out and get an interest only loan, then, I'm sorry, but he gets what's coming to him.

But, you can benefit from this mess by helping somebody get out of their upside down mortgage.  That's what I'm doing now.

Answer 2

lol, mostly the people who got out a few years ago before the whole thing blew up.  There are some (maybe many) people who timed this pretty well and did probably make alot of money (by selling after the runup).

Answer 3

Me

Shorted the financial market and made money.

Shorted the market in general and way above for the year.

*shrug*