4 ms·

Still waiting for the string of articles about the superyachts that all the bank executives bought after the 2009 bailouts. /sarcasm

throw-4e451c8 3y ago
I still don't get why the democratic Obama government didn't handle that the way Sweden handled a similar situation in the 90s: 1. Nationalize the bankrupt banks. 2. Get them in order. 3. Sell them and collect the profits. https://en.wikipedia.org/wiki/Sweden_financial_crisis_1990%E2%80%931994 https://en.wikipedia.org/wiki/Sweden_financial_crisis_1990%E... I mean, it couldn't be that Obama and/or the democratic party was corrupt and just gave away tax payer money for no reason? Edit: It was Bush 2 who gave away the money. The then (democratic) presidential candidate Obama supported it, though: https://web.archive.org/web/20080925154355/https://www.foxbusiness.com/story/markets/mccain-suspends-campaign-issue-statement-obama/ https://web.archive.org/web/20080925154355/https://www.foxbu...
- ok_dad 3y ago
  > The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008", was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush. https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008 https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati... The bailouts to the banks were by Bush 2.
  - rsynnott 3y ago
    Bloody time-travelling Obama, disguising himself as Dubya to bail out banks.
  - deleted 3y ago
    [deleted]
  - throw-4e451c8 3y ago
    > Supporters of the plan included presidential candidates Barack Obama, ...
    - ok_dad 3y ago
      [flagged]
      - throw-4e451c8 3y ago
        https://web.archive.org/web/20230609182834/https://news.ycombinator.com/item?id=36261727 https://web.archive.org/web/20230609182834/https://news.ycom...
        dang 3y ago
        It looks like your account is using HN primarily for ideological battle. That's also a line at which we ban accounts, regardless of what they're battling for or against. It's not what this site is for, and destroys what it is for, so please don't do that. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
      - dang 3y ago
        Your comment here is a bannable offense. Referencing violence to another user and then mock-walking it back with a personal insult is obviously unacceptable. I'm not going to ban you right now, but if you keep posting this way, we're going to have to. We've already had to warn you more than once about breaking HN's rules. If you'd please review https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here, we'd appreciate it.
        ok_dad 3y ago
        I literally was using it as a rhetorical device, but that’s fine for you to think not. Too bad misinformation isn’t treated as importantly as “violence” here.
- arp242 3y ago
  I don't think that would have passed congress; the political reality in the US is different than Sweden.
- deleted 3y ago
  [deleted]

throw-4e451c8 3y ago

I still don't get why the democratic Obama government didn't handle that the way Sweden handled a similar situation in the 90s: 1. Nationalize the bankrupt banks. 2. Get them in order. 3. Sell them and collect the profits. https://en.wikipedia.org/wiki/Sweden_financial_crisis_1990%E2%80%931994 https://en.wikipedia.org/wiki/Sweden_financial_crisis_1990%E... I mean, it couldn't be that Obama and/or the democratic party was corrupt and just gave away tax payer money for no reason? Edit: It was Bush 2 who gave away the money. The then (democratic) presidential candidate Obama supported it, though: https://web.archive.org/web/20080925154355/https://www.foxbusiness.com/story/markets/mccain-suspends-campaign-issue-statement-obama/ https://web.archive.org/web/20080925154355/https://www.foxbu...

ok_dad 3y ago
> The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008", was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush. https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008 https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati... The bailouts to the banks were by Bush 2.
- rsynnott 3y ago
  Bloody time-travelling Obama, disguising himself as Dubya to bail out banks.
- deleted 3y ago
  [deleted]
- throw-4e451c8 3y ago
  > Supporters of the plan included presidential candidates Barack Obama, ...
  - ok_dad 3y ago
    [flagged]
    - throw-4e451c8 3y ago
      https://web.archive.org/web/20230609182834/https://news.ycombinator.com/item?id=36261727 https://web.archive.org/web/20230609182834/https://news.ycom...
      - dang 3y ago
        It looks like your account is using HN primarily for ideological battle. That's also a line at which we ban accounts, regardless of what they're battling for or against. It's not what this site is for, and destroys what it is for, so please don't do that. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
    - dang 3y ago
      Your comment here is a bannable offense. Referencing violence to another user and then mock-walking it back with a personal insult is obviously unacceptable. I'm not going to ban you right now, but if you keep posting this way, we're going to have to. We've already had to warn you more than once about breaking HN's rules. If you'd please review https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here, we'd appreciate it.
      - ok_dad 3y ago
        I literally was using it as a rhetorical device, but that’s fine for you to think not. Too bad misinformation isn’t treated as importantly as “violence” here.
arp242 3y ago
I don't think that would have passed congress; the political reality in the US is different than Sweden.
deleted 3y ago
[deleted]