What did they have to lose..

I had an interesting conversation with a friend the other day over the whole sub-prime thing.  It was made up of an analysis of “what did these borrowers have to lose”, and the outcome? Absolutely nothing.

The people who have no job, and no assets,  and where given a mortagage, and have lost their house, have ended up where they started.

However people who are suffering from the effects of the whole debarcle, those who worked hard, saved,  had a nest egg, and invested it in finance companies have lost a lot . Typical

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