Moreover none of the consumers were held responsible

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Unformatted text preview: ver, it is easy to blame bankers as the only people who are morally wrong for acting selfishly. We must remind ourselves why the clients of banks invest so heavily in the banks in the first place, knowing that the investments carry significant risks. Consumers also act greedily. They know that based on their values, they do not ‘need’ more money. They do not ‘need’ to create a mortgage for their second summer homes. They do not ‘need’ to raise money so that they can buy Bentleys. They are putting their money in the hands of bankers because they desire these material goods. During Margin Call, Will Emerson says ‘People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like...
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This document was uploaded on 03/02/2014.

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