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

[Vandelay]

There was no way Obama was going to be able to plan and execute a New Deal like revitalization of this country. He was barely able to get the half assed Stimulus Package through after offering numerous concessions. The Party of NO was not going to risk having the country saved by a black man.

Not denying that...just saying that's what should have happened...millenials are fukked anyway...

Just would have been nice to have 21st century infrastructure.

 

[Rarely-Wrong Liggins]

Not denying that...just saying that's what should have happened...millenials are fukked anyway...

Just would have been nice to have 21st century infrastructure.

It would have, but, socialism you know.

 

[OsO]

shouldn't have bailed them out.

just temporarily prolonged the inevitable.

and the worst part is, even after the bailouts we didn't significantly change any of the financial players or policies that caused the problem in the first place

it would have happened either way

what would have happened?

yes because things be much worse today

but how does the future look?

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.

so we're out of the "great recession?"

Hindsight?

Spoiler

hindsight
ˈhʌɪn(d)sʌɪt/
noun

1. understanding of a situation or event only after it has happened or developed.

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

unfortunately this country forgives white collar crimes, not student debt

it was going to be 1929 again...it worked. Close thread.

so we have avoided the disaster in your opinion?

We did the right thing. Would of been 1929 all over again. People dont realize it wouldn't have stopped at banks. Look up fractional reserve banking and how that effects everyone.​

Sadly, it's business as usual.

I think the stimulus should have been bigger and structured differently however.

Works Progress Administration anyone?

White ppl would be naming their kids Barack right now.

structured differently how?

 

[Vandelay]

and the worst part is, even after the bailouts we didn't significantly change any of the financial players or policies that caused the problem in the first place



what would have happened?



but how does the future look?



so we're out of the "great recession?"



hindsight
ˈhʌɪn(d)sʌɪt/
noun

1. understanding of a situation or event only after it has happened or developed.

unfortunately this country forgives white collar crimes, not student debt



so we have avoided the disaster in your opinion?



structured differently how?

More money...more money towards infrastructure.

 

[observe]

Obama had to bail em out..they're his sponsors ..we didn't want to bail em..but being the good servant to cooperate America that he is he had to, or else he would lose his job as a marionette...

 

[Box Cutta]

I voted for bail them out, but be much stricter on the conditions. And I do mean *much* stricter. I'm talking ceilings on wages and everything. Guarantees of how taxes would be payed (So, even if Obama couldn't have closed loopholes, they would not have been used anyways). Massive government regulation of the industry.

And if they had not agreed, than fukk it, let em fail. This is a falling empire anyways.

 

[NkrumahWasRight Is Wrong]

@LeyeT I guess you have a point there..but loans are loans. People get into them knowing they have to pay them back. They should be more careful reading fine print and have good vision of the future to tell how well they will be able to pay it back. Should me and my family get money back because we didn't take a loan?

 

[Brown_Pride]

should have let it crumble, if it was worth coming back it would have.

Remember a time when parents said, "I will face these hardships in my lifetime so that my children and grandchildren can see better days" ?

We don't do that nearly enough anymore.

No joke and in all truth I feel sorry for my grandkids
That generation will either be the best or the most useless generation ever born.

Fuk baby boomers btw all this mess rest squarely on their shoulders, the "greatest generation" gave birth to the worst generation, how'd that happen?

 

[Dusty Bake Activate]

should have let it crumble, if it was worth coming back it would have.

Remember a time when parents said, "I will face these hardships in my lifetime so that my children and grandchildren can see better days" ?

We don't do that nearly enough anymore.

No joke and in all truth I feel sorry for my grandkids
That generation will either be the best or the most useless generation ever born.

Fuk baby boomers btw all this mess rest squarely on their shoulders, the "greatest generation" gave birth to the worst generation, how'd that happen?

The "greatest generation" is worse...racist fukks. Human beings are disgusting creatures and every generation is better than the one before it.

 

[Brown_Pride]

The "greatest generation" is worse...racist fukks. Human beings are disgusting creatures and every generation is better than the one before it.

i dont' know man I would say the "greatest generation" > baby boomers.

 

[Kritic]

I voted for bail them out, but be much stricter on the conditions. And I do mean *much* stricter. I'm talking ceilings on wages and everything. Guarantees of how taxes would be payed (So, even if Obama couldn't have closed loopholes, they would not have been used anyways). Massive government regulation of the industry.

And if they had not agreed, than fukk it, let em fail. This is a falling empire anyways.

i wonder why you don't see this in the news


JPMorgan CEO Jamie Dimon gets 74% payrise; to $20 million

Despite the fact that JPMorgan was hit with $20 billion worth of fines during 2013, Dimon will receive $1.5 million for the year. That base salary is virtually unchanged from the year before, but the company will also pay him an additional $18.5 million in restricted stock, according to a public filing with the Securities and Exchange Commission.

JPMorgan also settled cases involving its role in selling bad loans that precipitated the 2008 financial crisis, including a $13 billion agreement with the Department of Justice announced in November.

In spite of all these penalties – the company was also included in the group of banks fined 1.7 billion euros for manipulating lending rates – JPMorgan’s stock price has risen about 22 percent over the last year. Following a quarterly loss for the first time in 10 years during the third quarter of 2013, the company recently reported a profit of $5.28 billion in the fourth quarter.

 

[Yapdatfool]

i dont' know man I would say the "greatest generation" > baby boomers.

But that's like saying a bucket of piss > bucket of shyt. Both stink. That being said, I agree.

 

[Box Cutta]

i wonder why you don't see this in the news


JPMorgan CEO Jamie Dimon gets 74% payrise; to $20 million

Despite the fact that JPMorgan was hit with $20 billion worth of fines during 2013, Dimon will receive $1.5 million for the year. That base salary is virtually unchanged from the year before, but the company will also pay him an additional $18.5 million in restricted stock, according to a public filing with the Securities and Exchange Commission.

JPMorgan also settled cases involving its role in selling bad loans that precipitated the 2008 financial crisis, including a $13 billion agreement with the Department of Justice announced in November.

In spite of all these penalties – the company was also included in the group of banks fined 1.7 billion euros for manipulating lending rates – JPMorgan’s stock price has risen about 22 percent over the last year. Following a quarterly loss for the first time in 10 years during the third quarter of 2013, the company recently reported a profit of $5.28 billion in the fourth quarter.

fukking disgusting.

A better society would tar and feather these people.....we are just letting them abuse us.

 

[Leasy]

Shout out to Iceland.

 

[PewPew]

I say let them fail....I cant help but shake the feeling that they did that shyt on purpose knowing theyd get the bailout. It's like playing with house money, either way they win