Quote:
Originally Posted by TheSquealer
My personally issue with the housing market collapse is that we didn't let all the associated banks and companies like Lehman Brothers etc collapse as well. Instead, companies made shitty and wreckless decisions and then paid no real economic price for it. The tax payers had to pay for it. Even passing a retarded fucking stimulous package to bail out banks under the presumption that they would just pump that money back into the economy and start lending, but they instead just sat on it to ride it all out and see what happens. An exercise in epic retardedness when it comes to legislation and tax payer money
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This had to be the way it was. Because wth Banking/Finacial Services dominating Western Economies. Bankers rule.
I agree with you that it's a shitty way to be, just imagine the Banking Industry moving out of the US. Which was in effect what would have happened if they weren't paid to stay.