Quote:
Originally Posted by DanielDudley
Register my surprise.
I do agree with the notion that nothing was learned from this debacle.
By either side.
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On the contrary, I think both sides have learned plenty from it. Politicians learned that they can buy even more votes by bailing out those they forced the banks to set up to fail. And banks learned that they won't have to suffer the consequences of lending to unqualified borrowers. This is like rewarding N. Korea's bad behavior and then expecting them to start behaving better.