these castles don't exist at all. That was the point at which the financial system collapsed."

Also true during the '90s tech boom and bust with all that betting on little companies not even worth the paper their IPOs were written on. And let's not forget all the employees working like slaves for promises. Oh when will we learn?

Yunus is a genius, and a hero. And he built banks for the poor based on loans without collateral, but with careful instruction and followup for the borrowers, that have default rates that are among the world's lowest, and have made Bangladesh one of the few nations on target to reduce poverty by half by 2015.

Of course, no banker in his right mind would actually create and approve NINJA (no income, no job, no assets) loans. Only by interfering in the free market with a government that is willing to "regulate fairness" would such stupidity exist. And that's not capitalism, that's a bunch of government twits deciding they are smarter than the market.

Which, of course, they aren't. And now the people who set up the failure are convinced they are smarter than the market. The new improved "fair" economy will work out just about as well as the old Soviet one did.

ColoadoWrong - what are you talking about?

The last paragraph makes total sense, and something I have been thinking about quite a lot lately.