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About those greedy banks and how to deal with them in the future

As a financier who deals on a regular basis with all size and type banks, I thought I’d address in here why did banks give home loans to people who they knew couldn't repay over the last couple of years, and how to deal with them in the near future.
Basically, I personally believe that most of those “liar’s loans” were fraudulent because even minimal underwriting of the loan files was sufficient to detect the overwhelming majority of them. No honest, rational lender would make such a large number. The epidemic of mortgage fraud was in fact so large that it hyper-inflated the housing bubble, which allowed refinancing to further extend the life of the bubble and the depth of the recession.
I guess “liar’s loans” were done for the usual reason – they optimized (fictional) short-term accounting income by creating a “sure thing” . A fraudulent lender optimizes short-term fictional accounting income and longer term ...

Offshore Banking Corporation

An offshore company as the name suggests isn't merely a company that has gone offshore! There have been many people who were misled by its name. It has a totally different meaning than the one its literary meaning seems to suggest. It is a company that has been established for the sole purpose of taking advantage of the tax laws that are existing in said offshore locations. Most of these laws deal with the taxes that are usually imposed on large scale or medium scale corporations. These offshore locations are stringently chosen with the utmost care by the offshore companies after reviewing the existing laws to ensure that corporations that register at their IBC or International Business Company would stand to save a substantial amount of money.
International Business Corporation's and Privacy:
Now that you know that an IBC deals with saving taxes for corporations, it goes without saying that such an arrangement has to be maintained in conditions of utmost privacy. This is ...