When a bank issues a loan to someone who can't repay that's counterfeiting, i.e., theft, especially when the bankster gets paid on the front end of the transaction. But don't worry about that - sub-prime loans in the US are alive and well again, including 140% LTV (to sub-prime customers) - although that's for cars, not houses. Then there are backdoor housing loans of 100% LTV (without a credit scoring) as long as the borrower pays an upfront 3.5% fee - which most roll over into the loan. And then there are student loans - up 80% in a year since the government stepped in to buy them. When you subtract inventory restocking and excessive credit you wonder just how stable the stabilisation of the economy is.

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