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The bubble was unprecedented. Hopefully, lenders remember that credit quality matters the next time the fed decides to dump 1% credit on us.
by Prrometheus 19y ago
The bubble was unprecedented. Hopefully, lenders remember that credit quality matters the next time the fed decides to dump 1% credit on us.
- anamax 19y agoNo, it wasn't unprecedented. In fact, this bubble was exactly like every other bubble. EVERY bubble is driven by folks who say "it's different this time". They're wrong every time. As they say "pigs get fat, hogs get slaughtered".