Bloomberg.com: Opinion: "Sept. 5 (Bloomberg) -- So right after the Bear Stearns funds blew up, I had a thought: This is what happens when you lend money to poor people."
That's how it starts. It gets less politically correct from there. At one point - mind you, he's talking about subprime mortgage holders, homeowners - "Some of these poor people must have skills. " Good God, are the bankers giving mortgages to people with no skills?
Anyway, the article is a shocking, entertaining read. It's quite the contrarian view, with more than a few nuggets of truth scattered amongs the outrageous hyperbole.
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