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Whoa whoa whoa! If people default, then bankers might actually have to work for a living and actually evaluate potential customers instead of just cargo-curli
by YesThatTom2 9y ago
Whoa whoa whoa! If people default, then bankers might actually have to work for a living and actually evaluate potential customers instead of just cargo-curling their way through forms and praying that everything will be ok.
The C- students that became bankers can't be expected to actually work for a living!
(Sarcasm)
- candiodari 9y agoThe largest owners of US government debt are US pension funds. This situation exists mostly because politicians demand they get to pick what the bankers invest in (at least 80% in "safe" instruments, ie. from a short list with government bonds). Also how to resolve this situation ? You do want a pension, right ?