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I think he's saying we need cheap capital right about now, and this quasi-government lending machine is just about the only practical way to do that. But it's n
by damoncali 14y ago
I think he's saying we need cheap capital right about now, and this quasi-government lending machine is just about the only practical way to do that. But it's not a forever thing, and it's going to break again.
Or as a character in Margin Call put it:
"If you really want to do this with your life you have to believe that you’re necessary. And you are. People want to live like this in their cars and their big fucking houses that they can’t even pay for? Then you’re necessary. The only reason they all get to continue living like kings is because we’ve got our fingers on the scales in their favor. I take my hand off and the whole world gets really fucking fair really fucking quickly and nobody actually wants that. They say they do but they don’t. They want what we have to give them, but they also want to play innocent and pretend they have no idea where it came from. That’s more hypocrisy than I’m willing to swallow. Fuck them. Fuck normal people."