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Dan Mitchell (not verified) says:
Karl, that is not what was being pointed out in the article. What the article said is that we need to stop bailing out rich ba$$tards because they are rich. The reason they are rich is because they made shady business decisions that should be illegal. I agree with that. If the "no money down" loans were never dreamed up, we would not be in this financial mess. However, someone saw a way to make money on it, had the rules on it relaxed (while chanting the republican mantra "Regulation Bad, Deregulation Good", and there you have it. A spectacular meltdown of the Capitalist way. I don't care what anyone says, but Greed is never good.
Karl, that is not what was being pointed out in the article. What the article said is that we need to stop bailing out rich ba$$tards because they are rich. The reason they are rich is because they made shady business decisions that should be illegal. I agree with that. If the "no money down" loans were never dreamed up, we would not be in this financial mess. However, someone saw a way to make money on it, had the rules on it relaxed (while chanting the republican mantra "Regulation Bad, Deregulation Good", and there you have it. A spectacular meltdown of the Capitalist way. I don't care what anyone says, but Greed is never good.