
In order to provide clarity to financial laymen like myself, they make it an emphasis to explain things in as direct a manner as possible. The result is as enlightening as it is infuriating.
Basically, what you get out of it is that people have largely been irresponsible by taking out loans that they weren’t qualified for, the banks were greedy bastards by approving all these bad loans, everyone is looking to the government to bail them out, which means that honest, poor joes like you and I are going to get screwed no matter what. Wonderful.
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