Is Bank of Internet a Bad Investment? Archives - Market Mad House

Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Market Insanity

Some Ugly Truths BOFI Fans Do Not Want to Hear

August 27, 2015March 23, 2016 daniel American Express, Bank of America, Bank of Internet Sucks, Benjamin Graham, Berkshire Hathaway, BOFI, BOFI Fraud, BOFI stock, BOFI Sucks, Bubble Real Estate, Charley Munger, Denver Real Estate Bubble, Disruptive Technology, Is Bank of Internet a Bad Investment?, Is Bank of Internet a Good Invesment?, Mortgage Real Estate Investment Trusts, mortgages, Mr. Market, Mr. Real Estate Bubble, MREITS, Warren Buffett

The reality is you are getting a 2005-style jumbo mortgage lender (with other odd high risk loans) funded primarily by high cost brokered deposit.”