Whilst I don't always agree with you Stefan, the amount of responses that are blatantly and unknowingly proving your point is staggering.
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Most of the people who worked in the financial sector during the crisis, got into the sector around 2005, and left around 2010. But they're gonna tell us why it happened. Them. The same people who were too stupid to avoid it.
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“I’m really smart and you’re wrong” is not an argument?
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"I lived in America and was 7 years old when 9/11 happened and I can tell you few things for certain about this horrible. One thing I can say for certain is that it was absolutely, 100%, done by Bush."
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You have to admit that the government forcing banks to lend to unqualified people had some part tho
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Zero human beings had loans forced upon them by banks. 0. Every single person decided to apply for a loan and agreed to the terms of that loan. Whether they understood those terms is the question and the answer leads directly to Stefan’s argument.
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Certainly people signed up for loans they didn't understand. That was one small part of a much bigger and more nuanced problem
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The banks were forced to offer substandard products. No one was forced to buy them. That’s a victimhood farce because telling people things are their own fault is never well received. Fact: loans only go into default when the people who took them out stop paying.
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Interest rates went up and they could no longer afford them. We are not disagreeing at all.
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I know a guy whose brother knows a guy.
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is he that guy who went to see a guy about a dog?
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I see that Adam is an
#actor. Right. it's all coming together now.Thanks. Twitter will use this to make your timeline better. UndoUndo
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What could cause a person to commit to an adjustable rate option payment negative amortization home loan at 55% DTI, if not a low IQ?
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