Quote:
Originally Posted by Arct1k
Everyone likes to yell at the banks but at the end of the day a human being signed the mortgage papers and bought the house... People should just take personal responsibility for their actions...
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With respect, that's the type of defense every drug dealer in the world would like to use..."your honour, I was just satisfying market demand, if the market was demanding it, I wouldn't supply it"
There are morals & ethics required for business & banking is no exception. Lending practices that allow, encourage or result in financial hardship for individuals are morally & ethically corupt
The sub prime debarcle was evidence that bankers can be pigs in swill...this was a f**ck up of monumental proportions, now the world gets to tidy up the greedy bankers mess