Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (71915)	12/30/2009 4:51:05 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

The masses self-deluded. It was obvious early in the decade that absurdly low interest rates and soaring house prices was not a good situation for people taking on 100% mortgages with no visible means of repayment. Blaming the banks is like drug addicts blaming their suppliers. The person choosing to pour the booze down their throats is the person at fault, not the booze maker, regulator or publican. <The criminal conduct of the major US financial institution brought about the recent economic hardship and at present they continue with the same delusion tactics in earnest. > What people choose to do with their own lives is their business. Mqurice

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