Re:Ireland jails three top bankers over 2008 banking meltdown
by bmmayer1 on Saturday July 30, 2016 @08:57PM
(#12195283)
It should never be a law to compulsory lend money to anyone. Aside from being morally reprehensible, such a law would almost certainly be met with either A) widespread noncompliance or B) widespread closure of lending institutions.
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Re:Ireland jails three top bankers over 2008 banking meltdown
by Zuider on Saturday July 30, 2016 @10:07PM
(#12195414)
I agree that it is wholly immoral to make such a law, yet it was done and led to the subprime mortgage crisis. Others on this thread have supported this law on the grounds of social justice, despite the consequences being inevitable, obvious, and harmful.