Except they did cause the problem. Rich people looking to sell their bundled up whatevers get other rich people to commit fraud by labeling them as AAA++++ would buy again. Housing meltdown triggering a cascade of other meltdowns as the bubble bursts. Meanwhile the average citizen who never majored in finance doesn't know how to play the stock market and doesn't realize why his bank would give him a loan if he wasn't good for it. All because it's better for the bottom line to have long term debt slavery then for responsible people to get their money, pay it off and be on their way.
Bookmarks