| Mr Khan said: I mean in terms of lumping so many of the riskier loans into securities in this nebulous derivitives market (the market that is the proof that fiat money has no purpose and that the money men can literally make value from nothing). They knew they were playing with fire and got off scot-free while the economy tumbled. Was it right for them to be forced to make loans under such circumstances? Probably not. Was it right for them to decide to work some sort of financial voodoo on those same iffy loans in an attempt to make a profit and maximize the risk to the entire planet? Definitely yes. |
I take it you meant "definitely no".
While it might not have been "right" for them to do that, it was inevitable that they would when the government created the market for bad loans in the first place. You might be too young to remember, but there was a time when this was seen as a good thing.
