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Old 10-06-2008, 08:14 PM
  #15
vc318
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Joined: May 2001
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Quote:
Originally Posted by sunnykerr (View Post)
Because, if we don't bail them out now, then honest citizens can't borrow money either. Not for home repairs, not for honest business purposes, not for car payments. The economy collapses.
But maybe there shouldn't be so much availability of credit out there. I NEVER understood why banks allow people to have such huge loans or massive credit card limits when they know people can't pay it. That's just plain greedy. And if it was so bad, all they have to do is reverse the interest rate on ALL those shady loans they gave to people out there. But they don't want to. So, I say the banks should deal with it. They have solutions but those solutions don't fatten their wallets.
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