Quote:
Originally Posted by jfman
It’s much closer to that than the notion the bank holds savings which it lends out.
The days of a George Bailey down the Buildings and Loans went out in the 70s.
---------- Post added at 22:27 ---------- Previous post was at 22:23 ----------
It’s almost like a system designed by parasites for parasites. Leaving the state to carry the can when the house of cards comes tumbling down.
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Or were the "parasites" the ones that took out mortgages they couldn't afford to pay back, in the expectation of making easy money from house price increases when selling the house. It was people not paying back the loans that was behind the crash.