Originally Posted by
ceverett
I somehow doubt that any bank would ever enter into a deal where they stood a chance at losing money.
lol seriously? like superorb pointed out, this might be the dumbest thing anyone has said around here in a serious tone.
banks by definition take risks everyday, ofc they get into all kinda deals where there are huge chances of losing money. hello, bear stearns, lehman brothers bankruptcy? AIG bailout for failing big time on credit default swaps and collateralized debt obligations?
if there was no chance of losing money banks would never approve you for a mortgage, heck forget that, they would never approve you a credit limit. or in cases like Amex follow up with FRs to make sure you were in a position to pay em back.