barneystinson69 said:
The same people who allowed for the housing market to crash, and said that the banks were too big to fail? Please... |
Most major banks were short on the american housing bubble. They told customers everything's going well, because highest profits can be made with people that have problems paying their debts.
And, in the end, the government bailed out most banks. In average, the whole situation was quite profitable. They were handing out billions upon billions in bonuses for years.
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