Sunday 22 January 2017

Little people paying for bigwigs’ greed

Published 24/06/2013 | 05:00

* In America, a small shoal of crafty, pinstriped financial piranhas deliberately and knowingly decided to throw all the rules governing sensible financial lending overboard.

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Their intention was to become obscenely rich, regardless of the damage and hardship they would inevitably cause.

The feeding frenzy soon attracted other, equally-ravenous predators whose unwitting prey included countless hard-working but financially unsophisticated young couples.

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