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| [Oct 29, 2012, 10:49 am ET] - Share - Viewing Comments |
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| 43. |
Re: Morning Legal Briefs |
Oct 30, 2012, 08:52 |
Beamer |
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Mr. Tact wrote on Oct 30, 2012, 00:59:
I wish we could have let the bankers go down in flames. Unfortunately, doing so would have caused more suffering to others than it would to the bankers. They had already skimmed their profits off the top anyway.
The argument that the government forced the banks to make loans they otherwise wouldn't is a red herring. While it might have a small basis in fact, what really caused the problem is bankers taking those loosened rules and running with it. Making every single loan they could sign anyone up for.
Traders, not bankers. Investment bankers had nothing to do with this entire crisis. For some reason our media, and therefore population, seems to think investment bankers and traders are the same people doing the same thing. One is never in a position, really, to do any wrong-doing, the other can totally blow things up every single second. One works for clients, the other works for greed. |
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