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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 ban

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.
        dang 3y ago
        I realize you were using it as a rhetorical device, but ending on a nasty insult as you did crosses way over the line, and also made the violence part a little more ambiguous than just "rhetoric". As for misinformation, everyone has a different definition of that word based on what they personally believe to be true or false. That's not a meaningful basis for moderation. It's for the community to hash out what's true and what's false, not moderators to impose their views (or your views, or any other user's views) on everyone else.
  - HWR_14 3y ago
    I'm sure the fact that Obama supported bipartisan legislation is why you blamed the result on "democrat Obama administration" when there was no Obama administration at the time, you made no mention of W, and mentioned only democrats.
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]

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.
      - dang 3y ago
        I realize you were using it as a rhetorical device, but ending on a nasty insult as you did crosses way over the line, and also made the violence part a little more ambiguous than just "rhetoric". As for misinformation, everyone has a different definition of that word based on what they personally believe to be true or false. That's not a meaningful basis for moderation. It's for the community to hash out what's true and what's false, not moderators to impose their views (or your views, or any other user's views) on everyone else.
- HWR_14 3y ago
  I'm sure the fact that Obama supported bipartisan legislation is why you blamed the result on "democrat Obama administration" when there was no Obama administration at the time, you made no mention of W, and mentioned only democrats.

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]