[jevgeni]

Sub prime loans are the only thing out of that list where the public was scammed. Everything else you listed are internal banking things.

[drapred7]

The public absolutlely paid the price in the form of bailouts. If those banks had been allowed to fail I would agree with you, but they knew they'd probably be bailed out from the beginning and used CDOs to ensure it.

QE is a direct transfer of wealth from dollar holders to investors and banks. No way around that.

[closeparen]

The bailouts were loans and equity stakes which got paid back, not grants.

[drapred7]

https://en.m.wikipedia.org/wiki/Martingale_(betting_system)

Gambling with unlimited amounts of other people's money is going to be profitable.

https://www.rollingstone.com/politics/politics-features/2008...