Quote:
Originally Posted by Robbie
I believe there were TWO bailouts.
Bush signed the first one in 2008.
I thought the whole thing was a giant ripoff of the American people.
The banks got "saved" and then STILL foreclosed on people's homes. 
That trillion should have been spent by paying off people's mortgages. Then the banks would have been solvent (since the whole problem was the collapse of the housing market and the banks holding mortgages that were all underwater).
Instead that money just went "poof", up in smoke. And the actual people of this country suffered greatly as they lost their homes and jobs. |
IMO the modality of the bail outs were not the main problem...the problem was they did not put like 1000 top bankers that took part in it in jail for like 20-30 years hard labor with no parole...they should still be in jail making cheap shit for wallmart...
but no...the bankers even paid themselves a bonus...this is literally unbelievable even though I know it happened I can not believe it
