Quote:
Originally Posted by Dondilion
According to capitalists' rules the bad actors should have been allowed to fail...that is officially declared bankrupted.
Instead they were bailed out and what followed was massive printing of funny money.
Quantitative Easing as it was called kept credit rates well low. However the banksters and their friends who were close to the printing benefited alot and quickly transformed easy money into real assets. This contributed to the increasing disparity between rich and working class.
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There are no capitalist rules, although Capitalism does indeed "rule". As such "they" make the rules. Markets reacted and here we are a quarter century later dealing with a new set of crises impacting our economy.