Why is it said bankers led to the 2008 world crisis?
1- People tend to like simple stories and to look for scapegoats to blame when something goes wrong. 2- In a way, bankers are the perfect scapegoat: nobody really likes their bankerit is said that borrowers sometimes resorted to killing their bankers a few centuries ago when they owed them too much money (rather than working hard to pay back the loans)they often refuse to lend you money when you need it the mostthey are viewed as boring and risk averse at best, if not outright exploiters (charging interest rates is or was banned by many religions for a long time) they sometimes make a lot of money (especially investment bankers) 3- I personnally think they are partly to blame but that the blame should be shared more widely:it is clear that some subprime loans should never have been issued in the first place... lenders should have looked at borrowers' cashflows as well (not only asset value)borrowers should not have borrowed so much, especially not with floating rates... though at the time the thinking was that the property value (which kept increasing) would cover the loan in case of problem...... and there was a heart-warming patriotic story about helping poor people live the american dreamrating agencies and investors themselves did not do a good job assessing the credit risk of CDO debt tranches... ...though at the time the thinking was that the portfolio of loans was diversified... ... and that the US had never experienced a country-wide collapse in real estate pricesrates were probably kept too low for too long by the Fed (cheap money)regulators and politicians did a poor job supervising the banking and shadow banking industryetc etcIn a word, many people (not only bankers) were greedy, reckless, lazy and/or foolish!PS: Now it all looks very clear after the fact but not many people predicted this collapse :-)
Have you ever been irreparably heartbroken? If yes, how did you deal with it?
6 years of planting that beautiful relationship and all it comes down to that one moment when they choose everything else over you.Heartbreaking and difficult.And the best thing you can do in such situations is to be your own superhero.If there’s anything that helped me recover from this massive heartbreak, it would be my love for myself.Over these years, I have learned some pivotal lessons about life and they helped me a great deal in moving forward with itYour life is yours. They surely can make it look better and accompany you till the next station, but you’ll have to get to your destination alone. And in order to get there, you need to become self-sufficient!The immense amount of love that you carry in your heart, belongs to you FIRST, and then you may share it with people you think you can’t live without.Because you can live without anyone. “I can’t live without you” is utterly bogus. Please stop taking these things personally.Everyone has something to offer you, I respect him for making me understand the psychology of pain and emotions. I respect him for giving the opportunity to understand self-love. Because if he was still around, I wouldn’t be able to decipher the real meaning of self-love.Pain is a driving force, it depends on what you do with it. You can cry your life out or you can create something out of it. I started my first blog when he left me for the first time, I was only 16.Lessons, lessons, lessons! Learn from this experience. The most important thing that I have learned from this relationship is that you can’t change a person. No amount of love or affection can change the way they are. People can only give what they have. If they don’t love themselves, then how can you expect them to love you?It’s never your fault. Stop going through the whole scene several times to pinpoint your mistakes, because it is not your fault. Sometimes relationships end when there’s not enough love from any side.I read books, I wrote my first book. I spent my time in becoming a better person and focusing on my career.(This applies to everyone)Have a great vision for yourself. Would you still feel sorry for a man/woman who’s living her/his dreams, making shit loads of money and doing what he/she loves?Heartbreaks are a part of life. And let’s just leave them there and not revolve our life around them.And believe me, time heals everything!