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Peaceful Bill

wrote:
Gogarty wrote:

It wasn't socialism that crashed but capitalism. Ironically, the gummint now
has to resort to socialism to try to fill the hole in the dike.

Peaceful Bill wrote:
Actually, it was socialism, in the form of pressuring lenders to make
loans to those unfit to pay them, that brought down capitalism.

Is this a re-run?

How did "pressuring lenders to make loans to those unfit to pay them"
force Wall St corporate banks to extend their leverage on CDOs and
similar vehicles of unassessed risk?

Seems to me like the gripe is legit about 'privatising profit while
socialising risk.' And if you look carefully, instead of just
listening to the fascist tub-thumpers, you'll see that our neighbor to
the North has far less of a problem with their banks.

DSK

You clearly can't see the connection. So there's no point in wasting my
time on explaining it to you.

Yeah, Canada is a world leader in economics and banking. All five banks.