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As they should. They bailed banks in 2008. It's time for each citizen to equally get same level of tax money, amounts they deserve like bank owners and banks? w

As they should. They bailed banks in 2008. It's time for each citizen to equally get same level of tax money, amounts they deserve like bank owners and banks? why it was only possible for banks in 2008 and airlines in covid and PPE loans in Covid ?

lokar 1y ago
The got equity and loans for the bailout, and made a lot of profit in the end
- deleted 1y ago
  [deleted]
- theyarethey 1y ago
  > The[sic] got equity and loans for the bailout, and made a lot of profit in the end Your running to defend the bailout in this way reveals your bias. The “they” in your defense is the government, who issued the loans, but the money was yours and mine. That is, they were public funds, but we, the public, failed to get anything tangibly out of this “profit”. Quite the opposite, really. The public took a great deal of the brunt of the failure of the economic tools these banks dreamed up in the form of foreclosures, wherein members of the public completely lost the only financial asset many possess.
  - deleted 1y ago
    [deleted]
  - lokar 1y ago
    Where do you think the repayments went?
    - loudendiff 1y ago
      I am unsure if you are clever enough to know one is unable to prove a negative and so avoided asking the OP to prove that the profits failed to reach the public, or if you are brain dead enough to think asking someone to prove your own point is a valid debate technique. The OP made it clear that one way the profits failed to reach the public is clear in how so many lost their homes due to foreclosure. So, whether you can 'prove' that the profits did reach the public it seems obvious that one way they failed to reach the public was in protecting the public from these bad financial contracts.
- vineyardmike 1y ago
  And an educated population is also an end goal “they” (we) should be happy paying for.
- cjfd 1y ago
  One cannot just look at the end result. It is also of relevance what risk was run. Nobody else was willing to lend those bank some more money. Guess why. If can play russian roulette and win 100000 dollars if you survive and it turns out that you survive and get 100000 dollars can we conclude from this that it was a wise decision?
_zagj 1y ago
> each citizen Go lookup the lifetime earnings of college grads vs. HS-only. Then go lookup the demographics (especially economic) of student loan borrowers. Then go lookup home ownership rates of college grads vs. HS-only.
- bluGill 1y ago
  Those charts are interesting but better to look up by degree. Some degrees are not worth getting, some are only from a cheap school. And there are non degree jobs that pay very well - if you can get one.
  - red-iron-pine 1y ago
    that's a bullshit answer, esp. because now trends suggest that even STEM graduates are struggling to find jobs. you're blaming the victim when chances are every adult, website, school teacher, and guidance counselor told them to go to school. you expect an 18 year old to be able to predict, perfectly, job trends over the next 20 years? hell, that underwater basket weaving degree might actually be more useful than CS after Trump collapses the US economy and everyone is back to subsistence level crafting
  - _zagj 1y ago
    My point was that student loan debtors are some of the least deserving of forgiveness, given that you have actual poor people struggling to make ends meet. At best you could make a case for the ones who never graduated or whose degree demonstrably hasn't improved their income or employability, or for making the loans dischargeable through bankruptcy. But otherwise, it's just the college cohort voting themselves a handout they don't deserve, and it only deepens the degree divide: https://www.nbcnews.com/news/education/college-costs-working-class-voters-rcna179609 https://www.nbcnews.com/news/education/college-costs-working...
robertoandred 1y ago
Student loans are bailouts. The banks paid back their loans, why shouldn't students?

lokar 1y ago

The got equity and loans for the bailout, and made a lot of profit in the end

deleted 1y ago
[deleted]
theyarethey 1y ago
> The[sic] got equity and loans for the bailout, and made a lot of profit in the end Your running to defend the bailout in this way reveals your bias. The “they” in your defense is the government, who issued the loans, but the money was yours and mine. That is, they were public funds, but we, the public, failed to get anything tangibly out of this “profit”. Quite the opposite, really. The public took a great deal of the brunt of the failure of the economic tools these banks dreamed up in the form of foreclosures, wherein members of the public completely lost the only financial asset many possess.
- deleted 1y ago
  [deleted]
- lokar 1y ago
  Where do you think the repayments went?
  - loudendiff 1y ago
    I am unsure if you are clever enough to know one is unable to prove a negative and so avoided asking the OP to prove that the profits failed to reach the public, or if you are brain dead enough to think asking someone to prove your own point is a valid debate technique. The OP made it clear that one way the profits failed to reach the public is clear in how so many lost their homes due to foreclosure. So, whether you can 'prove' that the profits did reach the public it seems obvious that one way they failed to reach the public was in protecting the public from these bad financial contracts.
vineyardmike 1y ago
And an educated population is also an end goal “they” (we) should be happy paying for.
cjfd 1y ago
One cannot just look at the end result. It is also of relevance what risk was run. Nobody else was willing to lend those bank some more money. Guess why. If can play russian roulette and win 100000 dollars if you survive and it turns out that you survive and get 100000 dollars can we conclude from this that it was a wise decision?

_zagj 1y ago

> each citizen Go lookup the lifetime earnings of college grads vs. HS-only. Then go lookup the demographics (especially economic) of student loan borrowers. Then go lookup home ownership rates of college grads vs. HS-only.

bluGill 1y ago
Those charts are interesting but better to look up by degree. Some degrees are not worth getting, some are only from a cheap school. And there are non degree jobs that pay very well - if you can get one.
- red-iron-pine 1y ago
  that's a bullshit answer, esp. because now trends suggest that even STEM graduates are struggling to find jobs. you're blaming the victim when chances are every adult, website, school teacher, and guidance counselor told them to go to school. you expect an 18 year old to be able to predict, perfectly, job trends over the next 20 years? hell, that underwater basket weaving degree might actually be more useful than CS after Trump collapses the US economy and everyone is back to subsistence level crafting
- _zagj 1y ago
  My point was that student loan debtors are some of the least deserving of forgiveness, given that you have actual poor people struggling to make ends meet. At best you could make a case for the ones who never graduated or whose degree demonstrably hasn't improved their income or employability, or for making the loans dischargeable through bankruptcy. But otherwise, it's just the college cohort voting themselves a handout they don't deserve, and it only deepens the degree divide: https://www.nbcnews.com/news/education/college-costs-working-class-voters-rcna179609 https://www.nbcnews.com/news/education/college-costs-working...

robertoandred 1y ago

Student loans are bailouts. The banks paid back their loans, why shouldn't students?