Quote:
Originally Posted by nomadking
They still made losses. They paid taxes on any profits. The people who borrowed the money that wasn't paid back, made profits or were looking for a quick and easy profit. As the recently repeated documentary on Lehman Brothers revealed, it was the people on the ground who were faking documents and earning lots of commission. Some of that effect did pass back up the chain, but it was still the lowest levels initiating it all.
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Blaming the little guy as always. It’s quite unbecoming.