They say hindsight is 20/20... So looking back to 2008, do we still bail the banks out?

[the cac mamba]

Id support student loan forgiveness more than I would big biz bailouts but I dont really support either..

what we need to do with student loans is just kill the interest rate. its such a perfect fukkin compromise i need to run for office. no one gets "free loans" and you still have to pay them, but the fukkin things arent compounding at 6 percent

i took a cab ride home with some arab a few months ago, and i was drunk as fukk so we were talking about how americas military is the real terrorist and fukk israel. dude told me i should run for president

 

[FlyGuy]

Society as a whole needs to crumble


America is literally a rotten corpse covered in Band-Aids and Vicks vapor rub

 

[Dameon Farrow]

LOL at anyone saying let them fail. People really think shyt is a game. Some of you may have a life so miserable and lack enough future plans that you want everything to crumble to the ground but some of us are out here trying to make shyt happen. You can't have functioning hustles without customers willing to pay. Some of them only pay because of relationships with banks.

 

[Entropy Fan]

what we need to do with student loans is just kill the interest rate. its such a perfect fukkin compromise i need to run for office. no one gets "free loans" and you still have to pay them, but the fukkin things arent compounding at 6 percent

i took a cab ride home with some arab a few months ago, and i was drunk as fukk so we were talking about how americas military is the real terrorist and fukk israel. dude told me i should run for president

Cacmamba for president?






After Trump anything is possible



Gut the military budget and heavily reduce income taxes

 

[FlyGuy]

LOL at anyone saying let them fail. People really think shyt is a game. Some of you may have a life so miserable and lack enough future plans that you want everything to crumble to the ground but some of us are out here trying to make shyt happen. You can't have functioning hustles without customers willing to pay. Some of them only pay because of relationships with banks.

By not allowing things to dismantle we're basically just prolonging suffering and adding to the inevitable shyt pile. This weight is going to fall on someone and the heavier it gets the worse it will be for humanity

It's like spinning plates. We keep adding plates but you can only spin so many before it becomes too much

 

[acri1]

It had to be done.

Even if the banks "deserved" to fail, doing nothing would've been irresponsible considering the consequences.

 

[IShotTheSheriff]

I was in favor then and I am still in favor of it. shytty situation all around but if there were no bailouts the recession would be worse and would have lasted longer than it did.

I'm at no length an economic wiz but... can this guy or anyone else with knowledge on the subject explain to me HOW exactly things would've been worse?

 

[FAH1223]

creditors got bailed out

but debtors didn't

if regular people got their mortgages written down, it would have helped millions and avoided the terrible foreclosure crisis

but instead, banks got bailed out, then spent money on lavish bonuses and shid immediately in December 2009! No one went to jail

 

[Secure Da Bag]

Either:

• bail out the banks and create a new Glass-Stegall Act
• or bail out the American people (student loans, mortgages, credit card debt)

That's what should have happened.

 

[Geek Nasty]

The bailout wasn't the problem. Normally, the cost for the bailout is Wall Street agrees to more regulation. We just covered their bets in 2008-09. So, obviously they went right back to doing what they do expecting to be bailed out again if shyt goes down. "Too big to fail" is an issue of national security and banks merged even more after the bailouts.