Tuesday, October 07, 2008

How The Markets Really Work, A Video Presentation

Perfectly true and perfectly sad.

“What was stupid was not giving a loan to a person without income, job or assets, it was asking at some point what is that house we took a mortgage on actually worth?”

“Government bailout? No, it’s not rewarding greed and stupidity, it’s saving your pension fund”.

Watch the whole thing. The quotes above do not do it justice.


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