“I knew it wouldn’t be too long before you would blurt it out. “
Blurt what out? That along with the rewards of your business you should also accept the risks. That YOU should be responsible for YOUR business decisions.
Surely you must support capitalism and the free market??? I mean you’re a banker right???
No, just like all other bankers you are willing to accept the profit but seek govt protection from the risks. I’ve spoken with numerous CEOs of smaller banks and EVERY single one knew the pyramid scheme was going to implode. The responsible ones acted accordingly.
Oh, I take the risks of lending money very seriously. Trust me, I can decipher a credit report in my sleep. I know where the individual works and what he earns and how many times he’s changed jobs.
Back when I first volunteered at the credit union I kinda believed all the BS about the poor put-upon borrowers and the how it “never was their fault.”
I got disabused of the fairy tale pretty quick. Most deadbeats are just that.
Deadbeats.