Simple answer - not good for the banks, but very good for short-term bonuses to democrat operatives who had no intentions of still being at the bank when the stuff hit the fan.
Ponzi schemes work well for the first few people, who make a lot of money off of everyone else’s losses. That is why they are illegal - unless you are protected by your party in Congress.
Young run away girl can be put on the street for ten years of prostitution.
Young men can trade their lives for a few years of camaraderie in foreign lands.
Lots of opportunities for decades of ‘recovery schemes’, ‘rebuilding’, and my favorite meaning less phrase, “re-investment in the community’.
It's kind of fitting that events associated with the ‘Community Reinvestment Act’ will give us a ‘Community Organizer”.
It's like Karma.
“Ponzi schemes work well for the first few people, who make a lot of money off of everyone else’s losses. That is why they are illegal - unless you are protected by your party in Congress.”
exactly.
A well disguised sophisticated Ponzi scheme - but a Ponzi scheme nonetheless.
And as always happens with Ponzi schemes - the originators make off with a ton of $$ leaving behind a group of poor ripped-off saps. Us.