A decade after the 2008 financial crisis: The lingering effects

[Triipe]

I wonder how many people have switched positions and now view the bailout as a terrible idea...

Few know how deep it went, like generally speaking most people thought of it as a bankruptcy.

like damn they blew all this bread, but lets just forget about it guys and they'll wear this burden for the rest of their financial life.


when in reality they didn't change, and managed to up the stakes


You don't give 10 million dollars to your aunt if she's in debt for 5 million, she's just going to end up in more debt

facts


The Bailout/"Qualtative Easement Spending" was the singular most destructive event/sequence of things to happen to the american citizens purchasing power. It's like they took the concept of "robbery" and made the process so complex and convoluted that no one realized what actually happened.

 

[FAH1223]

Few know how deep it went, like generally speaking most people thought of it as a bankruptcy.

like damn they blew all this bread, but lets just forget about it guys and they'll wear this burden for the rest of their financial life.


when in reality they didn't change, and managed to up the stakes


You don't give 10 million dollars to your aunt if she's in debt for 5 million, she's just going to end up in more debt

facts


The Bailout/"Qualtative Easement Spending" was the singular most destructive event/sequence of things to happen to the american citizens purchasing power. It's like they took the concept of "robbery" and made the process so complex and convoluted that no one realized what actually happened.

Which is why debt is so much bigger worldwide

its no wonder there's a burst of populism in the wake of this

 

[FAH1223]

 

[88m3]

I.R.S. Tax Fraud Cases Plummet After Budget Cuts

@FAH1223 did you see this

 

[FAH1223]

I.R.S. Tax Fraud Cases Plummet After Budget Cuts

@FAH1223 did you see this

Yup. All by design.

I have a friend who works at IRS. I’ve heard stories

 

[Triipe]

 

[hashmander]

I.R.S. Tax Fraud Cases Plummet After Budget Cuts

@FAH1223 did you see this

 

[KOohbt]

Ahh I remember this as an upset militant college student like wtf this how I'mma start independent be life.

Feels like yesterday not 10 years

 

[newarkhiphop]

Financial experts predict a crash "worse than the Great Depression" under Trump

 

[FAH1223]

Financial experts predict a crash "worse than the Great Depression" under Trump

 

[Wild self]

Financial experts predict a crash "worse than the Great Depression" under Trump

Then blood will be spilt

 

[BoBurnz]

Nothing screams recession like the fed slashing rates back down to 0.