... or at least wallow in their own mortgage hell on the unemployment line.
I just doubt it.
I do agree (and have learnt from) Maxwell's / other's writings about the source of the issue being wayward government policy.
But no-one held a gun to the banks' (or their financiers') heads saying give the money away to bad borrowers.
It's ironic that whilst this was and is all happening, major banks around the planet are spending billions updating systems for Basel II compliance, an objective of which is to limit or repel situations like the one we now find ourselve dealing with.
We sell software to banks and finance companies. Life isn't particularly rosy right now but we just have to hang out. Well I guess I could sell a few of those shares I accumulated ... Doh!
Keep on smiling/drinking (circle your choice).
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