\t\t\t\t2002:<\/b><\/p>\n
200 million a year banker:<\/u> “Hey, lets give credit to anyone that wants to buy a house, regardless of income or credit. We can sell these loans as securities, and leverage it out 30 to 1.”
\nIrresponsible buyer:<\/u> “Wow, I can buy a mansion even though I work at 7-11”
\nAverage taxpayer:<\/u> “These housing prices are insane. I’m going to keep renting.”<\/p>\n
2008:<\/b><\/p>\n
Irresponsible buyer:<\/u> “Hey, my 200K house isn’t worth a million dollars now that nobody wants to pay for it. Cya.”
\n200 million a year banker:<\/u> “The economy is fucked unless the taxpayers pay for our bad loans.”
\nGeorge Bush:<\/u> “Have a trillion dollars.”
\nAverage taxpayer:<\/u> “WTF?”\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"
2002: 200 million a year banker: “Hey, lets give credit to anyone that wants to buy a house, regardless of income or credit. We can sell these loans as securities, and leverage it out 30 to 1.” Irresponsible buyer: “Wow, I can buy a mansion even though I work at 7-11” Average taxpayer: “These housing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/posts\/364"}],"collection":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=364"}],"version-history":[{"count":0,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/posts\/364\/revisions"}],"wp:attachment":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}