Quote Originally Posted by Parkbandit View Post
I have no problem with that.. the banks clearly gave the loans to people who couldn't afford them.. and the people knew they would be fucked (or should have known) when the balloon hit..

But if the government didn't buy / guarantee these loans.. the banks wouldn't have given them and the people wouldn't have been so eager to get credit that they knew they didn't earn.

The banks aren't in the business to give loans to people that can't afford them. We should let them give loans that they believe can repay them and when they make a bad loan.. let them learn the lesson instead of bailing them out.
Because rather than bail them out we should let our entire financial system collapse. Eh.

Quote Originally Posted by Parkbandit View Post
And your next step is to blame the banks, deregulation and that the private citizen and government did nothing wrong.

Oh, and blaming the companies.
If this were your alternate universe I wouldn't have talked about how we needed Glass-Stegall back for years and that the Republican and Democratic Parties both messed up. But yeah.