2 ms·
I disagree. Not only did the intervention help no one but the banks, but when they were bailed out with taxpayer money, they were refusing loans to the point th
by effingwewt 4y ago
I disagree. Not only did the intervention help no one but the banks, but when they were bailed out with taxpayer money, they were refusing loans to the point they were sued over it. While using the same funds to pay obscene CEO bonuses.
We stopped having a free market at that moment, and we've seen things go right back to the same exact spot only worse.
Our entire financial system is bullshit now, it's one huge moral hazard.