Thread: Nokia laying off people
View Single Post
danramos's Avatar
danramos is offline danramos
2008-11-06 , 23:53
Posts: 4,672 | Thanked: 5,455 times | Joined on Jul 2008 @ Springfield, MA, USA
#44
Originally Posted by Karel Jansens View Post
Originally Posted by deadmalc View Post
Think people should just remember the reason for all this ****.
Those complete Bankers not caring about anything other than their bottom line.
Only this time they've been sillier than usual!
And there's me thinking all this time the bankers being ordered by the socialists to accept bad loans was the cause.

How wrong can you be, eh?
What's to say you're not BOTH right? People being deprived of an opportunity to own a home were forcing bankers politically to be more open to giving loans.. and then there's the overly greedy bankers who decided to use this as a great opportunity to do some creative vulture lending practices and screw a little of everyone in every type of way. It's not like all the banks did this.. but a lot of the most greediest certainly appeared quite happy to get involved in the practice of predatory lending and then turned around to blame the people they lended to, whether they were guilty of being irresponsible or not.

The short of it, as I see it: a lot of bankers and investors were greedy and a lot of lenders and borrowers were irresponsible.
__________________
Nokia's slogan shouldn't be the pedo-palmgrabbing image with the slogan, "Connecting People"... It should be one hand open pleadingly with another hand giving the middle finger and the more apt slogan, "Potential Unrealized." --DR
 

The Following User Says Thank You to danramos For This Useful Post: