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I just love his proposal: It can require the banks to behave differently – to move from financing casino capitalism to productive enterprise. There can be a ne
by mynameishere 18y ago
I just love his proposal:
It can require the banks to behave differently – to move from financing casino capitalism to productive enterprise. There can be a new emphasis on relationship building and offering cheap long-term loans to business
The banks were not financing "casino capitalism". They were providing artificially cheap, long-term loans to unqualified homebuyers. Swap out "unqualified homebuyers" with "unqualified businessowners", and you can see the full extent of this guy's idiocy.