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afaik the problem isn't the (2008) bailout itself, it's that we continued playing the same exact game with the same exact people. > Why on earth did we train b
by lm28469 3y ago
afaik the problem isn't the (2008) bailout itself, it's that we continued playing the same exact game with the same exact people.
> Why on earth did we train banks that they can have all the upside but have the public eat the downside if a financial crisis ever arises out of their own behavior?
Deregulation and lobbies did it, it's been documented over and over again. Deep down greed is the culprit but it could have been somewhat tamed.