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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (567367)	5/22/2010 12:54:28 PM
From: combjelly	Read Replies (1) \| Respond to of 1575604

"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.