Word: greeds
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Recession Redux It is too simplistic to blame greed for the financial mess [Sept. 29]. The fault is a broader human trait: the reluctance or inability to consider the downside of a situation that has so many attractive features. The financial products at issue were profitable, and people were getting houses. Any problems that arose would be taken care of tomorrow. Wonderful invention, tomorrow! Kenneth Viste, Boise, Idaho...
...amazes me that nobody seems to have asked the simple question, "What will happen to banks and other financial institutions if a large number of subprime loans default?" Or was it only greed that made everyone ignore the disaster that would occur if the markets went south? Frederik Steenbuch, Oslo...
...institutions the government is bailing out are failing because of their greed and corruption. I and millions like me face the possibility of losing our homes because of this greed and corruption. Is the government going to bail us out? No. Many of us have tried making a living by starting our own businesses. Many of us failed. Will the government bail us out? No. This is not a question of liberal vs. conservative but of right vs. wrong. The failing institutions should be allowed to go down, just as any small business would have to do. Nicholas Gamba, Neptune...
...make ends meet. Although Murray works in Cambridge, he is not allowed in the shelter, due to residency restrictions. Like Reddick, he often goes to the Pine Street Inn for food and shelter. “There’s been no government help. It comes down to the greed of the politicians,” said Murray. “This country first became owned by banks, and now government owns the banks after the bailout.” Cambridge Mayor E. Denise Simmons said she is more optimistic about the future of homelessness. “We direct...
...Defense of Wall Street The financial industry is under attack for the supposed greed that has taken place [Sept. 29]. A few CEOs made an ungodly amount of money but are just a small portion of those who work on Wall Street, most of whom are considered middle class. Those who got rich off the real estate boom haven't had to share any of the blame. So what if they made millions? So what if speculators were flipping houses without ever intending to move into them? So what if people took out numerous credit cards and bought homes they...