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What would the alternative have been? Don't lend it/provide it for banks and let ________ play out instead where _______ is defined as ________.
by MuffinFlavored 4y ago
What would the alternative have been? Don't lend it/provide it for banks and let ________ play out instead where _______ is defined as ________.
- matheusmoreira 4y agoNot lending money to banks and letting them fail when their "safe" investment strategies fail.
- mountainriver 4y agoThat’s a great way to collapse the banking system and screw over millions of people
- matheusmoreira 4y ago> collapse the banking system Exactly. > screw over millions of people People who loaned their money to the banks. Why shouldn't there be consequences for lenders?
- mountainriver 4y agoActually it would likely collapse the entire economy as thats whats historically happened. Then you have tons of people out of work and starving so you could feel some sense of justice for a few
- matheusmoreira 4y agoMaybe if people suffer enough they'll learn not to build a debt-based house-of-cards economy that requires hundreds of billions in taxpayer bailouts at the slightest threat of insolvency and defaults. Oh who am I kidding? They'll just go back to banks again, every single time.