Ah, but if you take that view that some individuals are stupid, feckless, greedy, and so on, while banking institutions are intelligent, wise, experienced, sober, sensible and fore-seeing, then why on this earth do the banks keep lending these individuals money that they know won't get paid back?Originally Posted by World's End Stella
Much like the 2008 crash, actually.
How many times have we seen the accusation of 'irresponsible lending' leveled against banks without ever seeing the corresponding allegation of 'irresponsible borrowing' being leveled against the individuals who borrowed money they could not pay back?
Institutions are easy targets you see, individuals - especially the disadvantaged - less so.
I mean, you can expect stupid people to be stupid, right? So why are smart people like you giving these people money? I mean, as thay say, duh?
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