[UNGN]

This guy works for a “major US bank” and he thought a thirty three percent pay increase would cover moving to London? I wish they would have published the name of the bank. I would make a point of staying away from there.

Probably one of those banks that thought loaning $400K on a 3% ARM to someone making $50K/Year was a smart move.

Maybe the US government should subsidize this guy's $12 Glass of wine?

[libs_kma]

"Probably one of those banks that thought loaning $400K on a 3% ARM to someone making $50K/Year was a smart move."

To their credit, they thought they would still come out smelling like a rose when the person making 50K/Year defaulted in a few years.

Then reality smacked them in the face and they found that the $400,000 home can only get $315,000 instead of $450,000.