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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (345660)8/4/2007 9:18:42 AM
From: Taro  Read Replies (3) of 1577194
 
But a better example may be some of the sub-prime loans over the last years where neither side benefited.

Not true. Short term both sides benefited, the sales man who cashed in his commissions, the car sales man who next sold him that new SUV, the bank who lend out money at fairly high rates - and the home buyer, who got a roof over his head.

As you see, it all depends on the evaluation period.
Short term the benefits were higher than the cost and long term that may have swapped around.
If no mutual net benefits the transaction would most likely not have taken place in a free market.

Now of course, with 20/20 hind sight we all know, that the period of mutual benefits wasn't very long.

Taro
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