Quote:
Originally Posted by Shotsie
Yeah, all the middle class working stiffs who's pension funds and 401ks were invested in mortage-backed securities knew the risk. They were too busy working sixty hours a week to keep up their standard of living to know what the investment banks were doing with their money. Not only were the banks practicing predatory lending on these people, they were fucking them out of their retirement money on top of it. My neighborhood loanshark isn't as ruthless as some of these so-called legitimate financial institutions. There's a shitload of people affected by this that had nothing to do with it.
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Of course there are a lot of people affected that had nothing to do with it. The entire nation was affected.
This is no different to me than blaming McDonalds for making people fat. It affects us all. Medical costs, insurance costs and in most cases, our own personal health. However, we all know its shit food. We all know its not healthy. We all know its not something we are meant to be eating.
You can't place blame ONLY on "greedy banks". "Predatory lending" is most often another word for "that borrower couldn't afford it". That responsibility too, also lies in part with the borrower.
Again, its EVERYONES fault. We live in a nation of excess consumerism. Thats not "greedy banks", thats the result of an entire nation thats lost its way. EVERYONE...