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by thephyber 2200 days ago
This line struck me as odd:

> and the system righted itself

I suppose maybe it depends what "the system" refers to, exactly. If it's the same bankers who shape the financial system and the banks who all own part of the Federal Reserve which printed money to put price supports under their worst assets, then sure, "the system" "righted" "itself".

But in the end, there is no right or guarantee that every person will get a job, be able to keep a house, or will not lose wealth. And we should remember that about our future when reading this piece.

1 comments

> But in the end, there is no right or guarantee that every person will get a job, be able to keep a house, or will not lose wealth.

That's true for most people, but it's simply not true for the wealthy in practice. The government did try to make an example of a few players in the 2008 collapse, but for the most part, the message sent by the handling of the 2008 crisis was that if you're a big enough company and you take a risk that doesn't pay off, the poor and middle class will be forced to subsidize your mistake.