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Old 05-05-2010, 05:16 PM   #83
country flag Henry Chinaski
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Default Re: Credit crisis in Greece, others to follow...?

Also, it's rarely mentioned in this context (same with 3rd world debt) that dumb borrowing can only result from dumb lending.

The banks who authorise stupid loans are just as culpable as those who end up defaulting on them
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