Quote:
Originally Posted by Typhoid
A layman's explanation, possibly worded comically would be much appreciated.
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A bunch of smart white guys...
...swindled dumbass home buyers...
...into purchasing homes with fluctuating payment rates...
...and when broke as fuck home buyers couldn't make payments...
...and the smart white guys couldn't make money off of foreclosed homes...
...banks started going bankrupt or some crazy shit like that.
But, smart white guys counted on stupid US government...
...to give them large sums of money...
...in proper bailout fashion,
...and now smart white CEOs...
...are giving themselves bonuses and retiring.
And we all live happily ever after (except the taxpayers).
but I know nothing. Bond is the forum banker guy.