4 ms·
> Are we interpreting the bailout of a global US-created financial crisis "saving the world" now? Welcome to the wonderful world of spin. As a former subscribe
by qubax 8y ago
> Are we interpreting the bailout of a global US-created financial crisis "saving the world" now?
Welcome to the wonderful world of spin. As a former subscriber, it saddens me to see how much barrons has fallen after being bought by news corp. I guess if you live long enough, you get to see it all.
> The U.S. and European economy is still recovering.
After increasing the national debt from $8 trillion in 2008 to nearly $20 trillion today.
I remember adam smith saying something about how the two ways to enslave a person or a nation is by force or debt. And that debt is the smarter choice.
What ever happened to banks being too big to fail and needing to break them into smaller banks so that they don't pose a systematic risk to the US and the world? Oh, that's right, they got much bigger.
https://money.cnn.com/2017/11/21/investing/banks-too-big-to-fail-jpmorgan-bank-of-america/index.html https://money.cnn.com/2017/11/21/investing/banks-too-big-to-...