Quote:
Originally Posted by donquixote99
Dirty hands from day 1. Maybe on the buyer's part. Always on the loan originator's part.
Con artists always exploit the greed of the mark, and tell themselves the marks are the bad guys, that the greedy stupid marks deserve it.
And your sympathies are with the con artists. Criminal mind, like I said.
|
I don't have any sympathy for any of them, particularly the geniuses who insured the collateralized debt multiple times trying to get rich and lost their ass. AIG, in particular. Plenty of blame to go around.
But, in the end if the borrowers had simply paid what they signed a contract to pay there would have never been a great recession.