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The Water Cooler
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Oh crap!!! Here we go again!!
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<blockquote data-quote="TedKennedy" data-source="post: 2641422" data-attributes="member: 25419"><p>There's plenty of blame to be spread around, I'd say. </p><p> The way I see it, the borrowers jumped on what they thought was an easy way to up their standard of living.</p><p>The real estate folks were the ones really cashing in, with little repercussions when loans didn't get paid. The ultimate "victims" were the banks, who "lost" money, yet could rely on the puppet masters to drain the taxpayers of a bit more of their earnings to prop up the banks, and "save" them.</p><p>It's a corrupt system, all the way around. "Too big to fail" is one of the catch phrases that disgusts me.</p></blockquote><p></p>
[QUOTE="TedKennedy, post: 2641422, member: 25419"] There's plenty of blame to be spread around, I'd say. The way I see it, the borrowers jumped on what they thought was an easy way to up their standard of living. The real estate folks were the ones really cashing in, with little repercussions when loans didn't get paid. The ultimate "victims" were the banks, who "lost" money, yet could rely on the puppet masters to drain the taxpayers of a bit more of their earnings to prop up the banks, and "save" them. It's a corrupt system, all the way around. "Too big to fail" is one of the catch phrases that disgusts me. [/QUOTE]
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