Wednesday, July 01, 2009
Great line of the day
From DougJ at Balloon Juice:
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I can’t help but be struck by the contrast between the outpouring of sympathy for people who put money in an investment scheme they didn’t understand and the outpouring of contempt for people who took out loans they didn’t understand. I’m sure it has nothing to do with the fact that Madoff’s victims are wealthy and white, while subprime loanees are (inaccurately) seen as mostly poor and black.
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