Forum Discussion
JJBIRISH
Sep 29, 2013Explorer
Un- regulating the banks and insurance companies opened the door to the address of copious greed…
Banks in many of these cases acted as financial advisors and counselors, advising some that should not be approved into accepting and convincing them it was a great move, and that their net worth would be their saving grace through retirement… they actually committed fraud on the customers, upping approved amounts beyond what was asked for or needed, and even committed fraud form one bank to another or investing firm, passing to them the hidden toxic cards… the bankers all knew the bubble would burst, the trick was to not be holding the cards when the house of cards fell down… the bank was the house and it was the bankers dealing the cards, and the banks were in the best position to know what was happening (mostly because they knew they were building a house of cards) and the collapse of the economy…
They also knew the house always wins in the end…
Banks in many of these cases acted as financial advisors and counselors, advising some that should not be approved into accepting and convincing them it was a great move, and that their net worth would be their saving grace through retirement… they actually committed fraud on the customers, upping approved amounts beyond what was asked for or needed, and even committed fraud form one bank to another or investing firm, passing to them the hidden toxic cards… the bankers all knew the bubble would burst, the trick was to not be holding the cards when the house of cards fell down… the bank was the house and it was the bankers dealing the cards, and the banks were in the best position to know what was happening (mostly because they knew they were building a house of cards) and the collapse of the economy…
They also knew the house always wins in the end…
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