Quote from achilles28:
You're really just as clueless as the Dumbfucks in Washington.
A severe purge and breadline economy would be the BEST THING for for this Country in 50 years!!
The vile corruption in Fed Banks that created this mess was only topped by the 9 TRILLION RAPING of public dollars to buy out competition and hoard.
And we're still not out of it!!!!
It would have been cheaper to trash the banks, let them all fail, and put 80 million on subsistence Welfare for x years, then bend over and let the Fed Banks take the Country for 9 Trillion (and counting).
But then Americas most venerable institutions - like Citi Bank and JP Morgan Chase - wouldn't be around.
Boo-Fucking-Hoo!
This is Capitalism.
The strong thrive off the weak and stupid.
Let them FAIL.
Yep, Thank goodness they had one of their boys (Paulson...still blows my mind how no one seems to notice the blatant conflict of interest in that) in there to make sure no one saw the myriad relatively simple solutions as compared to giving the banks billions and billions and billions of dollars.
*whew* Close call.
They didn't have any problem foreclosing like crazy on everyone else who had overstepped their means until they realized it was going to blow up in their face.
They started foreclosing like crazy on people and when it finally got out of control the banks started asking the American people (the same people they had no problems foreclosing on) for money because *sniffle* they had accidentally overextended themselves.
Institutions like Citi, Capital One, WaMu/Providian etc thrive off people who overstep their means....
But when they make a mistake, they expect clemency...oh, and lots and lots of free money.