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.
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.