Greed and irresponsibility
'Too few bankers challenged the wisdom of lending poor people more money than they could afford to buy houses that were over-priced. As for those who did best out of capitalism, too often they flaunted extravagant lifestyles. No wonder the public has turned on them with a vengeance now that capitalism has gone off the rails.' The above was quoted from The Telegraph and posted at TOC. It succintly tells the same story around the capitalist world of greed and profit at all cost, without morals and responsibility. Bankers just want to lend as much as they could for profit. Developers just build and build to sell at ever higher prices. And everyone singing, oh so clever. Profit is good. No one, including the bankers, bother to ask whether it is value for money. Sell the properties as high a price as one can get. To be able to get suckers to buy is a great talent. The suckers can die later, doesn't matter.