On: Mortgages are a manufactured product (2022)

[hkt]

What bothers me is that in various european countries - the UK, in my case - right wingers who created the mortgage market in the 1980s successfully pinned the global financial crisis on politicians.

[Joel_Mckay → hkt]

I haven't really thought about the effectiveness of blame given the scope of the issues.

https://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog

It is an interesting backdrop of power that politics play out upon though. =3

[forgetfreeman → hkt]

There's a case to be made there if you assume one of government's responsibilities is to keep the financial industry from blowing up the planet.