SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (567367)5/22/2010 12:54:28 PM
From: combjelly  Read Replies (1) of 1575637
 
"they just wouldn't have been able to merge with the regular banks."

But that was what made the problem so big. Because of the mergers, they were able to build a whole ecosystem that depended on more and more mortgages. Despite the risks. It was a machine with the sole intent of raking in huge wads of cash at the expense of bad loans.

"The fact that both happened together doesn't make them the same action."

Hair splitting. If we had one or the other, the problem likely wouldn't have gotten so big. Since we did, there was a synergy that resulted in the global economy on the verge of collapse.

Viewing them in isolation from one another masks that synergy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News