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Apparently creating money as debt to lend to lying idiots who will never pay it back is ok (followed by stealing peoples pensions, sick pay and disabled payments to pay off the loans), but creating money to do something useful with it like build infrastructure is evil.

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"It is the first virgin crisis in history conceived without sin in the executive ranks... while lions are roaming the camp-site the FBI is chasing mice."

:mellow:

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Apparently creating money as debt to lend to lying idiots who will never pay it back, IN ORDER TO GET YOUR BONUS/COMMISION, is ok (followed by stealing peoples pensions, sick pay and disabled payments to pay off the loans), but creating money to do something useful with it like build infrastructure is evil.

Please, be accurate.

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Apparently creating money as debt to lend to lying idiots who will never pay it back is ok (followed by stealing peoples pensions, sick pay and disabled payments to pay off the loans), but creating money to do something useful with it like build infrastructure is evil.

You can't "create" something out of nothing. Somebody always pays for it. Your logic seems to be that two wrongs make it right. That's altogether aside from the other side of the equation on how to re-distribute economic resources within a society.

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Unbelievable.

I got a 1/4 of the way through the article and had to go back to top to check if I hadn't clicked on a link to the Daily Mash.

Have we reached peak insanity yet?

'No job, not a problem': Mortgage lender targets the unemployed in a bid to bring back sub-prime 'liar loans'

http://www.mailonsunday.co.uk/money/mortgageshome/article-3710974/Mortgage-lender-targets-unemployed-bid-bring-sub-prime-liar-loans.html

On its website the firm says: '99 per cent of lenders won't lend to the unemployed. We do!

Within the first 24 hours of launching it had seen 4,000 potential borrowers register interest, resulting in its systems crashing and the admission that it couldn't take any new applications. In three months it had lent the sum total of its funding of £30million.

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Within the first 24 hours of launching it had seen 4,000 potential borrowers register interest, resulting in its systems crashing and the admission that it couldn't take any new applications. In three months it had lent the sum total of its funding of £30million.

Crappy hosting - in keeping with a crappy proposal.

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Unbelievable.

I got a 1/4 of the way through the article and had to go back to top to check if I hadn't clicked on a link to the Daily Mash.

Have we reached peak insanity yet?

'No job, not a problem': Mortgage lender targets the unemployed in a bid to bring back sub-prime 'liar loans'

http://www.mailonsunday.co.uk/money/mortgageshome/article-3710974/Mortgage-lender-targets-unemployed-bid-bring-sub-prime-liar-loans.html

On its website the firm says: '99 per cent of lenders won't lend to the unemployed. We do!

Within the first 24 hours of launching it had seen 4,000 potential borrowers register interest, resulting in its systems crashing and the admission that it couldn't take any new applications. In three months it had lent the sum total of its funding of £30million.

What is the objective of the lender in making such a loan, or is that the wrong question? Perhaps the lender is totally securitised out of any understandable connection with the actual borrower, and all that matters are the fat fees for the bankers and agents?

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Unbelievable.

I got a 1/4 of the way through the article and had to go back to top to check if I hadn't clicked on a link to the Daily Mash.

Have we reached peak insanity yet?

'No job, not a problem': Mortgage lender targets the unemployed in a bid to bring back sub-prime 'liar loans'

http://www.mailonsunday.co.uk/money/mortgageshome/article-3710974/Mortgage-lender-targets-unemployed-bid-bring-sub-prime-liar-loans.html

On its website the firm says: '99 per cent of lenders won't lend to the unemployed. We do!

Within the first 24 hours of launching it had seen 4,000 potential borrowers register interest, resulting in its systems crashing and the admission that it couldn't take any new applications. In three months it had lent the sum total of its funding of £30million.

O FFS it's a Daily Mash headline!

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