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you have a very odd emphasis on this....but tell me, please, how do bankers make money when they loan out money that isn’t paid back? How does that work?

The EU is somewhat to blame, but the Greeks much more so. Again, very odd you take the stance you do, on a conservative site.

When bankers foolishly keep lending to spendthrift people and governments, they lose money and go broke, as they SHOULD! The only reasons theses fools kept over lending to Greece was that they EXPECTED to be bailed out. When bad behavior gets rewarded, we get more and more of it, which is exactly what we have seen in Greece, Portugal, Iceland, Italy and France.

The “Greek bailouts” have really been bank bailouts, not Greek people bailouts. The Greeks just had billions of new debt piled on top of excess debt they already couldn’t manage in 2012. It is like they were given new credit cards to keep making payments on already maxed out credit cards.

The ECB couldn’t care less about the Greek people. What they care about is the German and French banks that allowed this mess in the first place. And, now Angela Merkel cares about herself, because the billions in bad bank loans that the ECB bought from German and French banks, with no taxpayer approval, is in a slow motion train wreck on her watch.

It takes two to tango. There is nothing non-conservative about wanting businesses, and their shareholders, to feel the effects of their bad business decisions, and not be bailed out by governments as being too big to fail. This just allows the same sort of bad decision making to occur again and again. A true free market demands that businesses, which presumably these banks are, be allowed to fail. The best survive and the losers disappear. Unfortunately, his dynamic has been significantly erased in the banking sector.

I guess they rely on seizing the collateral. This explains why they are far more likely to lend big sums than small sums, and far more likely to lend to people who are struggling than to people who pay back on the nail every month.

Its a very bad sign when honest and stable borrowers are treated worse than delinquents and wasters.

>>how do bankers make money when they loan out
>>money that isn’t paid back? How does that work?

You mean like when they securitize A$$paper and flush it (sell it) into the global financial infrastructure?

"you have a very odd emphasis on this....but tell me, please, how do bankers make money when they loan out money that isn’t paid back? How does that work?"

When the government bails them out with taxpayer money.