Author Topic: Freddie Mac Betting Against Struggling Homeowners  (Read 4279 times)

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Offline N. De Plume

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Re: Freddie Mac Betting Against Struggling Homeowners
« Reply #15 on: January 31, 2012, 10:12:44 am »
What the hell? Do they seriously think they will be better off keeping the people that really run the economy down?

No, you see, that would require foresight and the ability to have empathy for others. These buzzards have no empathy and they don't care about anything but increasing their own short term profits.
I’m not even talking about empathy. I’m talking so-called ‘enlightened’ self-interest. A little bit of that actually goes a long way to mimicking empathy if nothing else.

But you nail it when you identify it as short-term thinking. Why the fuck is it next to impossible for anyone in the financial sector to think about the long haul? Why?

Because they already have lots of money so who cares about the future.
People that like to hold onto that money in the future, for one.

Also, I have heard of very few obscenely rich people that weren’t interested in adding even more cash to the pile, even though they didn’t need it.
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