4 ms·
Why should banks be allowed to inflate credit bubbles that people cannot pay back? Why do we keep saving the banks?
by acd 7y ago
Why should banks be allowed to inflate credit bubbles that people cannot pay back? Why do we keep saving the banks?
- x2f10 7y agoThat's how the economy keeps moving.... Too pessimistic?
- swagasaurus-rex 7y agoThat's how you collapse economies. To keep them moving, allow defaulting on loans, make the banks take the loss. They will stop issuing glaringly risky loans to the unqualified, preventing a 2008 style subprime loan crisis.
- 50656E6973 7y agoBecause they have inordinate political leverage