Quote:
Originally Posted by chemgear
"Debt problem? There is no debt problem . . . oh THAT debt problem. Don't look at us, the government has to stop us from lending to people that can't control themselves.
Can I interest anybody in some more rope to hang themselves with?"  
http://www.theglobeandmail.com/repor...rticle1839794/ |
But is this strategy going to work out well for the banks? Seems like a pretty short term way of thinking. Maybe the people who make these decisions are on the verge of retirement, so they want their big bonuses now and don't care what happens in the long term.