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They bailed out AIG creditors fully, a lot of bank execs got to keep big bonuses for blowing up the financial system. Almost nobody got prosecuted. They went w
by maxxxxx 8y ago
They bailed out AIG creditors fully, a lot of bank execs got to keep big bonuses for blowing up the financial system. Almost nobody got prosecuted. They went way too easy on the banks.
The bailouts should have been a payday loan with punishing interest rates. Instead the bailouts showed that all the talk about creative destruction and free markets where the strong survive applies only to the little guy who loses his job or home . As soon as the big guys feel the pain the rules get changed quickly.