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The problem with "stop bailing out the players" is that the players hold the people for ransom. The players didn't lose their money -- they lost people's person
by anon1m0us 7y ago
The problem with "stop bailing out the players" is that the players hold the people for ransom. The players didn't lose their money -- they lost people's personal savings that they used to pay for food and rent.
If people get hungry, they revolt. The banks said to government, "If you don't bail us out, there will be a revolt. You don't want war in the streets do you?"
- JackFr 7y agoBut they don't. They want you to think they are holding the people for ransom, but they're not. Solvent banks need liquidity, the payment system has to stay robust and functional, and existing deposit insurance (which is fully funded) needs to be honored. But don't bail them out.