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These are loans not bail outs. Low interest sure, but not outright handouts. Additionally, a lot of the customers these companies lend to are about to default.
by lettergram 7y ago
These are loans not bail outs. Low interest sure, but not outright handouts. Additionally, a lot of the customers these companies lend to are about to default. Those low interest loans will not save a company if they can't also survive those defaults.
Not saying companies weren't irresponsible or that it's "unfair", but it isn't the worst proposal.
- thulecitizen 7y agoIt's funny how the most capitalist people I know can't see the hypocrisy when I use their neo-liberal arguments of 'meritocracy' and 'pull your boots up by your bootstraps' to show the contradiction in their arguments for a government funded bailout. Wall Street loves socialism for bankers!
- AmericanChopper 7y agoTo describe the idea of monetary policy as socialism, is not consistent with any definition of socialism that I’ve ever heard.
- deleted 7y ago[deleted]
- BoiledCabbage 7y agoWhat's do you call a loan than never has to be repaid?