Current Economic Condition

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Cargando

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Apr 8, 2009
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Causes.

1) The banks
2) The government
3) The banks

The banks handed out mortgages to people who couldn't pay them back, and lost money. Also they sold the people's mortgages to other banks who then sold them on again and shit got fucked up that way too.
 

Horticulture

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Feb 27, 2009
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Cargando said:
Causes.

1) The banks
2) The government
3) The banks

The banks handed out mortgages to people who couldn't pay them back, and lost money. Also they sold the people's mortgages to other banks who then sold them on again and shit got fucked up that way too.
Where does the government come in?
 

Cargando

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Apr 8, 2009
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Horticulture said:
Cargando said:
Causes.

1) The banks
2) The government
3) The banks

The banks handed out mortgages to people who couldn't pay them back, and lost money. Also they sold the people's mortgages to other banks who then sold them on again and shit got fucked up that way too.
Where does the government come in?
Oh yeah, I got a bit tired by that bit. I'm going to take the grumpy old man view: Damn MP's wasting our money! Claiming for toilets and duck houses! Graargle blargle blaah!
 

Horticulture

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Feb 27, 2009
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Cargando said:
Oh yeah, I got a bit tired by that bit. I'm going to take the grumpy old man view: Damn MP's wasting our money! Claiming for toilets and duck houses! Graargle blargle blaah!
You've got it all wrong...it was just his contribution to the 'stimulus plan' :p
 

Lord George

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Aug 25, 2008
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1. Silly bankers gambling with too much of our money and getting greedy
2. Mass lost of trust in banks and the government making everyone stop spending and banking thus causing more problems.