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Yeah cause that worked really well in the real world right ? 2008 and 2009 were so successful with these "controls" that were supposedly in place !
by LunaSea 13y ago
Yeah cause that worked really well in the real world right ?
2008 and 2009 were so successful with these "controls" that were supposedly in place !
- superuser2 13y agoThe catastrophe of 2008 (to consumers) was that the market decided to make credit scarce. It makes sense that the government can't force banks to take unjustified risks once they've wised up to the recklessness of their lending. This is very different from money just disappearing out of checking accounts, which is what happened with MtGox. Even if that did happen, the FDIC would make the depositors whole.