The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: sense who wrote (56885)	1/29/2015 10:45:51 AM
From: Pogeu Mahone	Read Replies (1) of 71455

Without the banks involvement malinvestment would not have been possible. You cannot blame the borrowers as who in their right mind refuses free money? This worked so well for the banks they went broke, You wrote: "You are correct... that banks should not be stupid in lending to bad risks... in order to use the stupid lending to stupid people as a tool to enable stupid policy... However, you can't argue with the fact that it works... " Works for who ? Not any society I know of.

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