tag:blogger.com,1999:blog-3856837.post1856443307839053343..comments2023-10-24T09:06:30.200-04:00Comments on No More Mister Nice Blog: Steve M.http://www.blogger.com/profile/11963290427258439242noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3856837.post-75150281452226840212012-04-09T09:22:10.252-04:002012-04-09T09:22:10.252-04:00Yeah, but it couldn't have led to financial co...Yeah, but it couldn't have led to financial collapse without a financial services industry willing to extend the credit to us. In our grandparents' day, that was a risk for banks -- if they lent money to too many people who couldn't pay back, they could go out of business. But "too big to fail" means that if they lend recklessly, we just give them more money, and they don't suffer at all.Steve M.https://www.blogger.com/profile/11963290427258439242noreply@blogger.comtag:blogger.com,1999:blog-3856837.post-84067905661965107142012-04-09T08:16:25.685-04:002012-04-09T08:16:25.685-04:00At the core, though, when you weed out all the bul...At the core, though, when you weed out all the bullshit he's right - "'We' have overspent… [People] have not been a responsible -- [people] bought things [they] didn't need with money [they] didn't have to impress people [they] didn't even like. And now [we are all] paying the piper..." Everything our grand-parents warned us against.Ten Bearshttps://www.blogger.com/profile/06594307610015584119noreply@blogger.com