That wasn't really fair, people blaming the Bush Administration for the bailout. They were being confronted with worst-case scenarios for employment, the stock market, everything. Like real, biblical, doomsday, end-of-the-country shit. In the face of all that by what were considered the financial and economic experts of the time, what choice did they really have?
They could have done the right thing and given the bail out money to the tax payers keeping people in their homes instead of bailing out the banks who would later foreclose on them
Nah, there were plenty of Conservatives advising against the bailout too. Bush did nothing to hold the banks accountable as well. He made the call, it was a bad call, he gets to hold the blame.
Bailouts on condition of public execution of the executives of companies receiving the bailouts. Can't do that? OK seize all their personal assets and put that towards the bailout.
Banks were the lenders, hedgefunds the bag holders. It's like the Mafia and some low-level conartists. If the mob thinks your model of making money works, they give you a little to play with so that you can make some more money for them. If it comes back to bite you in the ass, you better cover your debts for the lenders, or you're dead. The smart ones don't turn on their lenders, but simply eat the cost of getting caught, you can live to play another day. A hedgefund is just a group of gamblers working together to screw people over in larger quantities.
Government bailouts has entered the chat.
That wasn't really fair, people blaming the Bush Administration for the bailout. They were being confronted with worst-case scenarios for employment, the stock market, everything. Like real, biblical, doomsday, end-of-the-country shit. In the face of all that by what were considered the financial and economic experts of the time, what choice did they really have?
They could have done the right thing and given the bail out money to the tax payers keeping people in their homes instead of bailing out the banks who would later foreclose on them
Nah, there were plenty of Conservatives advising against the bailout too. Bush did nothing to hold the banks accountable as well. He made the call, it was a bad call, he gets to hold the blame.
Bailouts on condition of public execution of the executives of companies receiving the bailouts. Can't do that? OK seize all their personal assets and put that towards the bailout.
How come banks were able to cut the risks of GME investors. But not for large hedge funds? Seems like banks learned nothing since 2008.
Banks were the lenders, hedgefunds the bag holders. It's like the Mafia and some low-level conartists. If the mob thinks your model of making money works, they give you a little to play with so that you can make some more money for them. If it comes back to bite you in the ass, you better cover your debts for the lenders, or you're dead. The smart ones don't turn on their lenders, but simply eat the cost of getting caught, you can live to play another day. A hedgefund is just a group of gamblers working together to screw people over in larger quantities.
well this is news, thanks made me smile.