4 ms·
I recall society picking up a very large bill for said banks in 2008, when mom and dad bet everything on property prices rising indefinitely for reasons.
by HeckFeck 4y ago
I recall society picking up a very large bill for said banks in 2008, when mom and dad bet everything on property prices rising indefinitely for reasons.
- shapefrog 4y agoTARP recovered $441.7 billion from $426.4 billion invested The "society" made a profit.
- imtringued 4y agoIt is a reverse hostage situation. Banks enable the modern society to work but if they are gone so is our economy because of an insufficient "investment" in diversifying the money system. In theory we could do a multitude of alternative money approaches like barter clubs or local complementary currencies and then the risk of major banks failing wouldn't be the complete loss of the economy, only a big chunk.