I was inspired by this thread over at Calculated Risk to make that poster.
Leveraged Ninja writes: They better not stop making ninja loans. Or else.
Margin Call of Cthulhu writes: You're out of luck on that lyre loan. So is my buddy the ninja. He was really excited that they were marketing directly to him. It's really hard for ninjas to document income.
A ninja loan is a type of subprime loan issued to borrowers with No Income, No Job, (and) no Assets. The phrase was coined by HCL Finance as a name for one of their finance products. They were especially prominent during the United States housing bubble of the 2000s but have gained wider notoriety due to the subprime mortgage crisis in July/August 2007 as a prime example of poor lending practices."