Quote:
Originally Posted by sarettah
He lumped everyone who lost out into the group who borrowed too heavily.
There have been many many people who have lost pretty much everything who did nothing wrong. They lost their jobs and from there lost everything else. The people who defaulted on loans are just the tip of the iceberg.
I stand by the analogy, you don't blame all the victims because some of them appear to have brought it onto themselves.
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Exactly. The collateral damage was massive.
Again, check out Inside Job for a blow-by-blow of the Crime of the Last Couple Centuries.