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I would argue that the 10 years after 08' have also lacked responsibility. I think the secondary effects of the covid shutdown are going to highlight some very
by oldsklgdfth 6y ago
I would argue that the 10 years after 08' have also lacked responsibility.
I think the secondary effects of the covid shutdown are going to highlight some very poor decisions. Mainly rallying the economy, rather than making it more robust. I'm interested in seeing what happens with housing specifically.
- wfbarks 6y agothats basically my point, Companies still aren't taking responsibility for anything and are running the companies to keep the share price up so the Exec team can collect on their options in 4 years and move on. Similarly the government seems completely incompetent, and willfully blind to the risks being taken.
- oldsklgdfth 6y agoMaybe so, but they are being enabled. Two things come to mind: - stock buybacks can be eliminated with legislation - Fannie Mae and Freddy Mac are still under government conservatorship