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> Wow, so that's effectively opening up new easy to get credit vehicles for unsophisticated investors. How could that go wrong? This is the hallmark of modern
by brilliantcode 9y ago
> Wow, so that's effectively opening up new easy to get credit vehicles for unsophisticated investors. How could that go wrong?
This is the hallmark of modern day capitalism. By issuing loans knowing full well they will never pay back, you can collude with banks to threaten to kill the economy when the government hesitates about cutting them a cheque.