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Yeah, but I have a hard time absolving borrowers completely. It just seems like people should have had a little more common sense and realized that anyone willing to loan that kind of money with that little documentation of your ability to re-pay might not have your best interest in mind.
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Absolutely!! They were motivated by greed and avarice just as the lenders were.
Adam Smith's vision of the invisible hand was contingent upon people of honor working in their own self interest with public welfare coming as a bi-product. The problem is people haven't been acting very honorably lately...
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