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17 May 2015, 10:36
We have all been hit by it as Dev said.
I don't believe all the banks would have gone under. Many banks went for money when they realised it was going but soon stepped back when they seen the conditions. It was a gov takeover after all. They suffered because they were greedy but like us they can't just keep borrowing so tightened their belts and went on. A couple were too far gone and are now in Gov control. If they had let them fair, like many have before, then it would have been a lot easier but they decided they can ignore the laws of economics and they are almost as rigid as the laws of physics.
Another massive gov fuck up that we are going to be paying for some time.
I don't believe all the banks would have gone under. Many banks went for money when they realised it was going but soon stepped back when they seen the conditions. It was a gov takeover after all. They suffered because they were greedy but like us they can't just keep borrowing so tightened their belts and went on. A couple were too far gone and are now in Gov control. If they had let them fair, like many have before, then it would have been a lot easier but they decided they can ignore the laws of economics and they are almost as rigid as the laws of physics.
Another massive gov fuck up that we are going to be paying for some time.
Skean Dhude
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It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change. - Charles Darwin
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It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change. - Charles Darwin