Forum Discussion
2oldman
Sep 29, 2013Explorer II
JJBIRISH wrote:I'm not sure anybody knew the bubble would burst, but those few who bet on it made a fortune.
the bankers all knew the bubble would burst, the trick was to not be holding the cards when the house of cards fell down…
Banks were caught up in greed, as was everyone else, who felt that housing prices would never fall. And the bank would be repossessing a house which had a significantly higher value. What's not to like?
Oops. The greatest Ponzi scheme of all time.
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