29 Dec 2021 9:55 pm
Bush merely provided Treasury backed loans to be paid back with interest. They were paid back within a year. I also believe the timing of the crisis right at the end of the election was not a coincidence. It was coming at some point but the election certainly affected the timing. It is well understood Capital Hill is much hastier to comply during an election year. But the Paulson Plan and Geithner plans were anything but loans. While the interest offered by Bush and the Treasury were at rates only the US Treasury could obtain during a time when the clowns who lost their *** couldn't get a loan for a decent blow job, I'm not sure Bush had a better option. We needed time and it isn't like the US can afford to just take a respite from Geopolitics while we sort out Bozo the Clowns Wall Street version of financial seppuku. but Paulson and Geithner? No way under any analysis this can be reconciled with free market capitalism.Cannonpointer » 29 Dec 2021, 10:45 pm » wrote: ↑ Yeah - no foolin. Wall Street raids Main Street - because wall street capitalism runs the **** show.
Main Streeters can go fish. THAT'S the game. And you need to stop defending it by pretending it's an anomoly and not the game rules.
Well I don't blame George Wallace.
Who did YOU think started the first round of bailouts? Ron Reagan?
I don't only blame W for the bailouts - I blame him and his socialist party for the crash in the first place. After all, it was the American Dream Down Payment Act which broke the game - though the house of cards was destined to fall eventually, notwithstanding.
I will let the criminal who gave people with no job, no money and no credit free houses on the public teat explain the crime to you in his own words, so that you need not take MY word for anything:
https://www.youtube.com/watch?v=QYvtvcBKgIQ&t=144s