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LTD: This is Bad News... | 23 comments (23 topical, 0 editorial, 0 hidden)
Greedy Bankers (4.00 / 4)
Just add a neolib government and stir. Violá: Instant Disaster.

Yes, I'm patting myself on the back for getting this right long before the Danish newsies started bothering to connect the dots. I pointed out the Ponzi-scam nature of the then-current Danish boom already during the last election campaign (see, e.g., this diary, Note II near the bottom).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Jul 12th, 2008 at 12:42:42 PM EST
and greedy consumers (none / 1)
old saying

"you can't con an honest man".

See the shiny new oversized house you know you can't afford.......try our mortgage magic.

by HiD on Sat Jul 12th, 2008 at 07:45:48 PM EST
[ Parent ]
Re: and greedy consumers (4.00 / 3)
But organized cons gulling would be cons can inflate a bubble large enough to damage even the honest when it deflates.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jul 12th, 2008 at 08:36:09 PM EST
[ Parent ]

LTD: This is Bad News... | 23 comments (23 topical, 0 editorial, 0 hidden)
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