Thursday, March 19, 2009

There should be a law against it.

Here's how it works. You make a packet by making loans to people who can't pay them back, but you don't care, because you get paid a bonus that's based on business written.

Then when your bank is bust, you form a new company to buy up the loans that people like you made to people who can't pay them back. But hey! They can pay a little bit, so someone has to squeeze the last bit of juice out, right?


"It is sort of like the arsonist who sets fire to the house and then buys up the charred remains and resells it."

This is all legal. Which should tell you something about who the laws are for.

3 Comments:

At 8:01 pm, Blogger nobody said...

Laws are written by naifs who wish to do good for all, and used with the help of a crowbar by those who wish to do good only for themselves.

Written law is not the answer.

Strongman dictatorship is not the answer either, though if you have a good strongman at least there won't be any caving in to evil because it's been done within the letter of the law.

The other advantage of a strongman dictatorship (which is not the answer remember) is that if you have a bad strongman you can have a "one-bullet revolution".

 
At 8:02 pm, Blogger Dr Zen said...

You must be smoking the good stuff if you think laws are written by do-gooders.

 
At 8:31 pm, Blogger nobody said...

Zen wrote,

"You must be smoking the good stuff..."

I smoke what I like, when I like, and "the good stuff" in my view may not be what you would expect it to be.

But as you say, the sneakey bastards are everywhere.

 

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