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RE: Who Should We Find Responsible For The Subprime Mortgage Lending Crisis?

in #life8 years ago (edited)

I tend to aim in this general direction. In my country over the pond, and I guess its the same there, I always figure that if politicians 'give the people what they want', which has become a never ending feeling of prosperity, it furthers their reign and keeps joe public from looking too deeply into the other mischief they have their generally grubby hands in. Its more about retaining power while keeping the lesser informed people happy as pigs in shit (not wishing to be rude, just expression). And as the first comment from steemed, pointed out, when it all inevitably tumbles we can start laying the blame on the less informed people who were pulled into the pyramid at the bottom "larger theme that attempts to blame low income people for society's problems", while the orchestraters make out like bandits and others lose jobs. We have it in the UK, apparently now its all the 'poor ignorant fascists' who wanted to leave Europe (the language used is appalling because the public went against the desired outcome of the system). This is the same type of bs just one step removed. And so it goes on. Lenders and borrowers are simply part of the messy jigsaw of greed and power. Funny thing is, right now this whole thing is currently repeating itself.

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