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The banks needed to be bailed out or else there would've been a massive bank run on the scale of the Great Depression. The people who made those MBS trades sho

• effingwewt 10y ago
  Then that is what needed to happen. Banks failed, therefore they should go away and be replaced with something else. It literally is that simple. By bailing them out we shifted away from capitalism. Which may not be bad, but let's call it what it is. Once we use our own capital to reinforce dead/dying businesses we give them incentive to get too big to fail, make all the cash they can while doing it, and screw everyone along the way. People would have been better off with prepaid cards and cash. We should have used that bailout money to make sure people got their money from banks. This is where the injustice lies. If we didn't send them to prison, we didn't have to PAY them for being criminals. Ugh they even paid themselves huge bonuses with the money we the customers gave them to continue screwing us. Remember them not loaning money though we just GAVE them tons, even though it was a provision of said bailouts? Saying it "wasn't their problem"? Sorry, I'm jaded but when I see people say stuff like that it just makes me so resigned to the fact this is not the place I grew up in, in the 80's.