1. True...to an extent. But the bankers NEVER COMPLAINED about being pushed into these loans - they seemed to really like the profits (and bonuses) at the time, and figured (correctly) that the government couldn’t touch them without having to explain a lot too. My point here is that the bankers had zero morals...I know that if I ran a bank that I would NEVER lend money to people that I knew could not pay it back - but then again, I’m not the type that runs banks.
2. Iceland may not be Grease (I love spelling it that way), but then Argentina is not Grease either...yet Argentina had no problems lining up a new batch of suckers after defaulting time and time again.
3. Yep, Germans may hold back for a while, but I have NO DOUBT that American bankers will step in...this would be nothing compared to what they did in the mortgage meltdown.
rue...to an extent. But the bankers NEVER COMPLAINED about being pushed into these loans - they seemed tolike the profits (and bonuses) at the time, and figured (correctly) that the government couldnt touch them without having to explain a lot too. My point here is that the bankers had zero morals...I know that if I ran a bank that I would NEVER lend money to people that I knew could not pay it back - but then again, Im not the type that runs banks.