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I mean, what good is it for a bank to give a loan to someone who cannot pay it back? Or to give a 200k loan on a house that is only worth 150k?
What is the upside for a bank to become "predators"?
It all comes down to greed, and it starts with a greedy consumer.
If we drive less the price of gas goes down. Its all a supply and demand thing. Trying to regulate yourself out of any future problems is stupid, IMO.
I dont know where I am headed here... just dont buy the scare tactics that make us socialist because of unfounded fears... its all we hear lately, the sky is falling, but we the government are here to save you... you want something to really be afraid of??? Not global warming or banks or oil companies, it is a government who wants you to give them full reign over your life!