Skip to main content

View Diary: You too can become a subprime lender (24 comments)

Comment Preferences

  •  I'm just not getting this argument. (0+ / 0-)

    This seems to be asserting that sub-prime loans were the problem. As I see it, the sub-prime loans being used to pump up the housing bubble was the problem. You notice they still call them "sub-prime", in other words not the best, but you can still, obviously, make money from them.

    How can that be?   Because enough people pay them back. Since you're just lending the same money out over and over again, not everyone has to pay you back.

    But that creates more debt! Exactly. Capitalism is debt. No debt, no capitalism. Is that a Catch 22?

    I gotta go to work.

    We're fools whether we dance or not, so we might as well dance.

    by PowWowPollock on Wed Nov 13, 2013 at 06:49:49 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site