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Unlimited and unconditional money for banks that lost billions speculating and also paid billions of bonuses for the people speculating are not a capitalistic f
by PythonicAlpha 12y ago
Unlimited and unconditional money for banks that lost billions speculating and also paid billions of bonuses for the people speculating are not a capitalistic fairytale but reality.
I never heard, that speculators or banks had to pay back their bonuses or gains they earned in the good years, when they lost billions in other years.
I am still not sure, if the world would not have fared much better, when the billions and billions that where given to the banks to rescue them had been given to all the people (and thus stimulate the whole economy not only the bonus-people). The banks took the money and at least in Europe still don't lend the money to firms that need it. We have now at least 6 years after the finance shock of 2008, but at least in Europe the finance crisis is still not over!