Tom Lindmark

Winners and Losers from the Mortgage Mess

Winners:
1. Investment bankers and bankers who individually made a ton of money securitizing loans.
2. Homebuilders who sold boatloads of new homes.
3. Homeowners who bought early and sold into the boom.
4. Federal, state and local governments who saw their tax revenues soar during the boom.
5. Realtors, mortgage brokers, construction workers, anyone in industries related to the boom that took the money and didn't reinvest their profits in the housing industry.
6. Anyone currently in the business of managing foreclosed assets.

Remember, there are two sides to every trade. A winner and a loser. There was a lot of money changing hands and a lot of people are very comfortable today because they took their profits and didn't double down.