Posted 11 January 2010 - 07:20 PM
that is obviously dumb but credit card companies take "bets" that are just as dubious. give credit to people with no money , but have assets which they bought with more credit from somewhere else???? the very nasty consequences don't come immediately like flipping a coin, and i think you've already read how shit hits the fan. it really is like a time-bomb.
i guess a better, equally white-collared comparison would be in the stock market with all that short-selling. 'cept they bet in the millions, and some of them lose by the billions.but you can never read the odds or count all your cards in those types of bets.
Good times, I'm okay. Bad times, I'm okay.