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Originally Posted by kai
Dang...Nice explanation. Now I get it.
I can see why it was hard to see this coming...There is almost no way you can tell that there was anything going wrong till it was too late. Folks were just trying to make some extra money. All the blame going around is unnecessary.
The only assumption that got everyone was that house prices were ALWAYS gonna go up.
Its a lesson we wouldn't have learned unless by experience.
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Why do you think it was hard to see it coming? Wasn't it the case that people were knowingly making risky ass investments and passing them off to others? If they didn't know about the risks, then I could agree that they might not have seen it coming. I'm trying to wrap my mind around the issue, as I don't completely understand it, but I sho don't see how this outcome could be unexpected.