Quote:
Originally Posted by Hugh
That’s why I differentiated between the loan-givers, and those who hid the bad loans in CDOs - two cheeks of the same arse (one set initiated the problem, the other hid the extent of the problem).
Those who played "pass the parcel" were the ones who brought the Financial System down, as they made it impossible to understand how bad the problem was, so panic ensued.
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Indeed. Also, those who granted the loans in the first place had a duty to lend responsibly.
Some MP's have started complaining that their 10 day February holiday has been cancelled to carry on trying to sort out Brexit. They also called for the taxpayer to refund any money lost for holidays booked. Now we know where their priorities lie:
https://www.dailymail.co.uk/news/art...-holidays.html