On the global financial collapse
by Vinay Gupta • September 29, 2008 • The Global Picture • 1 Comment
We should have given individuals money to pay their mortgages. That was the real answer here. As it is, the banks still wind up owning the empty houses, the people still wind up homeless, and the crash is still coming. Why the bad debt of the banker can be bought by the state, and not [...]
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