Netyaroze on 06 April 2013
| badgenome said: Remember that housing bubble that blew up and crashed the US economy because all those evil banks had engaged in such reckless predatory lending? Obama decided it would be a really, really, really good idea to create another one. |
Haven't read the thread yet but I guess this came up already:
What happened back then can not be compared to this. The problem was not giving away credits to the poor but mixing those credits with AAA credits and selling this mixed bag on the international market as super safe AAA Credit package despite of all the duds hidden inside.
If all parties included know the risks, its ok since everyone will operate on that premise.
