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[–] 1 pt

Anyone in finance have a comment on this?

[–] 1 pt

(not in finance)

I read the WSJ article. I don't give a fuck if lenders engage in this activity. I do give a fuck that my taxes did and could possibly once again go toward bailing out these subprime mortgages.

[–] 2 pts

I tend to agree if a bank wants to gamble that’s their business but when they lose it’s not my fucking problem.

[–] 0 pt (edited )

Once it's left your possession, it's out of your control. Don't like it? Tough. Your government will send men with weapons to make you pay if they can't simply take it from your bank accounts or paycheck before you see it. The best way to make sure your tax tribute isn't wasted is to find ways of being productive which the government cannot extract tribute from you to begin with.