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I agree with you that the German banks facilitated the spending, but the fault still lies with the countries that abused that money. You cannot blame the bank f
by o1iver 14y ago
I agree with you that the German banks facilitated the spending, but the fault still lies with the countries that abused that money. You cannot blame the bank for your debt after requesting your 12th credit card!
Aside: I believe that the German banks have to live with their mistakes regarding due diligence, although even that isn't so clear as it seems that the greek authorities weren't entirely honest when it came to their financials.
- icebraining 14y agoYou cannot blame the bank for your debt after requesting your 12th credit card! Why not? I can and do blame banks for lending money to people who they know are submerged in debt. That does NOT mean those people aren't to blame too. Blame can be attributed to more than one party.
- danmaz74 14y agoSo, US banks have no responsibility for the sub-prime crisis?
- danmaz74 14y agoArguing about faults here doesn't help. It appears that Greece has the bigger faults (but they're already paying a lot for them). But I would gladly save them to save us all.