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 the bad debt of the individuals’s who’s debts comprise the bad debt of the bankers is… state-run capitalism at its finest.
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One Comment
Its just… Capitalism!
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