Half of the recession was people buying things they couldn't afford, and the other half was wallstreet selling on the bad debt as if it were a safe investment. If not for the second part, the bad debt could not have been issued.
Oh, and the 3rd half & the reason for TARP, the AIG bailout, and the sale of Merril to BoA was that banks & hedge funds were basically making huge bets against that bad debt & each other. No bailout = global finance collapses like a house of cards. Sux to be us.
sounds familiar... i think i know where you work. i hear the same thing every day.
donisewell 10 months ago
this is exactly the way they think where i work.
rapingurchurches 1 year ago
This is how I feel every time I go to my stupid fucking job.....FML
KKPsiNumba5 1 year ago 3
"what is Logic".... "see you sunday morning"!!! ahahahah
benniquaid 1 year ago 6
Half of the recession was people buying things they couldn't afford, and the other half was wallstreet selling on the bad debt as if it were a safe investment. If not for the second part, the bad debt could not have been issued.
Oh, and the 3rd half & the reason for TARP, the AIG bailout, and the sale of Merril to BoA was that banks & hedge funds were basically making huge bets against that bad debt & each other. No bailout = global finance collapses like a house of cards. Sux to be us.
g7dude9 1 year ago
Fucking sunday meetings...wait...I just had one of those today
s6khill 1 year ago