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What sort of complete moron would consider the 2008 bank bailout (what I assume you're referring to) as a crime? How is TARP and the repurchasing of toxic bank

What sort of complete moron would consider the 2008 bank bailout (what I assume you're referring to) as a crime? How is TARP and the repurchasing of toxic bank assets for the stabilization of the US/global financial system, which was fully paid back to the taxpayer with interest, a crime? Unless you think we should've just let the financial system melt into oblivion? It's this populist rhetoric of people being mad at shit they don't know anything about.

euroderf 4y ago
It is more important to feel good than to think good !
bavell 4y ago
I don't consider the 2008 bailout a "crime" per se but it was definitely a govt handout and did not punish the bad actors who caused the issues in the first place. It's interesting to me that you ignored the rest of the lies that were pointed out and focused only on one bullet to make your point. You seem to think people are mad when they shouldn't be? Is constantly being gaslit by cable news (just to give one example) acceptable to you?
- aaronsimpson 4y ago
  People seem to think being "constantly gaslit by cable news" is something that news companies do of their own accord, rather than as market agents responding to market signals that we the people send off to them. Fundamentally, the blame lies with us. If you want to change what they show, change what you signal you want to consume. It's literally that simple. I'm not saying this interaction is one way, but people tend to focus on way too hard on only one half of the equation.
cryptica 4y ago
Yes, the financial system should have been left to melt into oblivion and then people could have rebuilt it properly instead of allowing the crooks to keep doing what they've been doing and making the problem even worse. The financial system is an overcomplicated mess which has been hacked to pieces and is doing the opposite of what it was supposed to do. It hasn't worked for decades for value creators; it mostly works for crooks. What kind of moron cannot see what's going on with their own eyes? If you need more proof that the financial system is destroying the economy, don't worry, there will be plenty more coming! Some people simply won't get it until they see mass starvation, mass protests and nukes blowing everything up... Heck they still won't get it, they'll blame the Bitcoin people, they'll blame some new virus, they'll blame some foreign politician... They'll blame everything except the fiat monetary system; the root of all incentives.

euroderf 4y ago

It is more important to feel good than to think good !

bavell 4y ago

I don't consider the 2008 bailout a "crime" per se but it was definitely a govt handout and did not punish the bad actors who caused the issues in the first place. It's interesting to me that you ignored the rest of the lies that were pointed out and focused only on one bullet to make your point. You seem to think people are mad when they shouldn't be? Is constantly being gaslit by cable news (just to give one example) acceptable to you?

aaronsimpson 4y ago
People seem to think being "constantly gaslit by cable news" is something that news companies do of their own accord, rather than as market agents responding to market signals that we the people send off to them. Fundamentally, the blame lies with us. If you want to change what they show, change what you signal you want to consume. It's literally that simple. I'm not saying this interaction is one way, but people tend to focus on way too hard on only one half of the equation.

cryptica 4y ago

Yes, the financial system should have been left to melt into oblivion and then people could have rebuilt it properly instead of allowing the crooks to keep doing what they've been doing and making the problem even worse. The financial system is an overcomplicated mess which has been hacked to pieces and is doing the opposite of what it was supposed to do. It hasn't worked for decades for value creators; it mostly works for crooks. What kind of moron cannot see what's going on with their own eyes? If you need more proof that the financial system is destroying the economy, don't worry, there will be plenty more coming! Some people simply won't get it until they see mass starvation, mass protests and nukes blowing everything up... Heck they still won't get it, they'll blame the Bitcoin people, they'll blame some new virus, they'll blame some foreign politician... They'll blame everything except the fiat monetary system; the root of all incentives.