Quote:
Originally Posted by Tom Dwans Son
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It was like getting staked for high stakes poker but if you lost you would never have to pay your backer. If you didn't take advantage of this then sorry bro that's on you.
Yeah.. that is a good analogy. But suppose everyone actually did that. What would it do to the high-stakes poker economy? Pretty much destroy it, is my guess.
As a society, it can be a long term mistake to take advantage of some things..
I will always view the housing bubble as a financial mania.. a disease of the mind. Houses instead of tulips. Banks, wall street, private investors, local governments, union and school trust funds managers. Everyone got sucked in.