And insurance won’t even matter. Credit default swaps were suppose to be insurance and those holders were bailed out in 2008/9, remember AIG? In 2008/9, The fa

And insurance won’t even matter. Credit default swaps were suppose to be insurance and those holders were bailed out in 2008/9, remember AIG? In 2008/9, The fact that a solidly red administration (Bush) wrote the check and a solidly blue administration (Obama) delivered it on bended knee to the banking industry made it clear who really ran things. “Paying your bills is a moral hazard” - guy in the background of a tv interview that birthed the tea party in the US.