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> Worst case, there’s a 2008-style crash and you and millions of other voters get government bailouts. I don't think individual mortgage holders, as a class, g
by woodruffw 3y ago
> Worst case, there’s a 2008-style crash and you and millions of other voters get government bailouts.
I don't think individual mortgage holders, as a class, got government bailouts during the GFC. The closest thing I can think of is the Troubled Asset Relief Program which, to my understanding, largely benefited the banks themselves (by allowing them to offload toxic assets). Am I missing something?
- basementcat 3y agohttps://en.m.wikipedia.org/wiki/Home_Affordable_Refinance_Program https://en.m.wikipedia.org/wiki/Home_Affordable_Refinance_Pr... https://en.m.wikipedia.org/wiki/Making_Home_Affordable https://en.m.wikipedia.org/wiki/Making_Home_Affordable