This credit crunch was fed by greed
Published Date:
03 September 2008
ONE of the causes of the credit crunch (mark it on the slate) is the result of financial investors and property agents being too greedy and encouraging excessive debt to feed their avarice.
They cared little about the pain they caused to many families and couples who only want their own roof over their heads. These market cowboys are now stewing in their own fat (or are they) as they seek to reinvest in other markets such as food and oil.
Mrs Thatcher once said that we cannot buck the market.
Well, the cowboys have wrecked it and they have the arrogance to seek help from Government (the taxpayer) to help them out.
Councillor David Barbour,
Coleraine
The full article contains 124 words and appears in n/a newspaper.
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Last Updated:
03 September 2008 9:42 AM
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Source:
n/a
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Location:
Belfast
