Many things caused that but it was the money run. Money is protected for most people now.
Now days with megacorps, someone would have bought them. The executives and board members were never punished and made millions. That’s the shit that has to stop and I’m a capitalist.
An FDIC bailout would have been cheaper than TARP given the amount of money in most people’s bank accounts.
For people with individual accounts worth over a quarter million? Tough titties. If you have so much cash it isn’t worth your time to use multiple accounts in case of FDIC bailouts, you clearly don’t need it.
Isn’t the banks failing how the Great Depression became significantly worse?
Many things caused that but it was the money run. Money is protected for most people now.
Now days with megacorps, someone would have bought them. The executives and board members were never punished and made millions. That’s the shit that has to stop and I’m a capitalist.
We need companies to fail when they fuck up
The executives and board members were never punished and made millions.
This is capitalism working exactly as intended. These aren’t bugs, they are features.
Not at all. That just shows you don’t understand capitalism. What it shows is our government failed us.
Because there was no FDIC.
An FDIC bailout would have been cheaper than TARP given the amount of money in most people’s bank accounts.
For people with individual accounts worth over a quarter million? Tough titties. If you have so much cash it isn’t worth your time to use multiple accounts in case of FDIC bailouts, you clearly don’t need it.