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Instead of bailing out the banks after the crisis, the government could have decided to do something like this and sever the loans. Let people keep one home (th
by mnm1 8y ago
Instead of bailing out the banks after the crisis, the government could have decided to do something like this and sever the loans. Let people keep one home (the cheapest if they had more than one) and let the banks take the fall for what was completely their own fault. They didn't. They decided that these banks should continue to fuck people over in the same way, passed a few laws to prevent it for a few years and that's about it. They claimed these banks were "too big to fail," a moniker no one understands because it's absurd and doesn't make any sense. If anyone deserves to be fucked over it's these banks who fucked the rest of us over royally.
- DubiousPusher 8y agoI agree with the sentiment but considering the bailout we got barely passed because of conservative outrage, anything with even a wiff more of "socialism" would've been doomed. Reading about the crisis still pisses me off but I also am grateful there still is a system. Conservatives flirted with stupid in a big way in 2008 & 2009 and it could've been a lot worse.