4 ms·

At what cost though? Surely the wealthy will continue on like nothing ever happened while the rest of us are here holding the bag. Markets seem to benefit some

• alchemist1e9 3y ago
  I was there and know all the details what happened and you nailed the key point, they used fear to have you believe what you wrote. I remember Paulson talking about how ATMs would fail. AIG won’t pay it’s policies. The US equities would crash even further. I hate to tell you but ALL lies, blatant “misinformation” as the new term is. They needed you to be terrified to save their own skins. Blackrock became the largest landlord in the country afterwards. The very companies that facilitated and promoted and literally caused the bubble and crash were rewarded. The waitress and mechanic couple with a baby who had carefully saved up $30K never got the opportunity to buy that house down the street from their parents for $90K at foreclosure from the bankrupt banks. Nope, Blackrock exchanged their bad paper, worth, 20c for $1 to your very government for new fresh cash, bought it instead at $120K, down from $150K. Go crony capitalism! Which isn’t what markets are about.
  • andrepd 3y ago
    It's really funny that you're essentially saying "true capitalism has never been tried, we need to give it another shot, it will work this time I promise" without even realising the irony.