Comment on Trillions in Bad Loans May Sap World Economy for a Long TimeparentComments−kolbe10yOn top of that, instead of getting rid of the people who issued bad debt ten and twenty years ago, and let new people into the banking system, we instead kept the same inept cleptocratic money managers in charge, but gave them more firepower.−nickff10yWe also left the same regulators (who did nothing to forestall the Great Recession) in place for good measure!−kolbe10yThe definition of insanity...
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On top of that, instead of getting rid of the people who issued bad debt ten and twenty years ago, and let new people into the banking system, we instead kept the same inept cleptocratic money managers in charge, but gave them more firepower.
We also left the same regulators (who did nothing to forestall the Great Recession) in place for good measure!
The definition of insanity...