Quote:
Originally Posted by finnbow
Yep, but it's still better than if they didn't.
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Yeah, but it still sucks.
Instead of bailing out the banks, the federal government should have bought up all these houses, at fire sale prices. And if the banks balked at it, we should have told them to suck it, we're doing it anyway. Then the fed should have put them up for sale to ordinary schmucks who needed a place to live and financed them with 30 year 3% mortgages. Yeah, I know. We couldn't do that because there are laws in place to protect the wealthy.
Instead we let the free market handle it, except for our 700 Billion dollar infusion of So************************m to the rich. And then we let the banksters fuck the ordinary schmucks a second time. I mean seriously this whole thing is fucking rotten.