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by Klinky 2199 days ago
Mortgages should have been heavily renegotiated, bailout given to the home owners to pay back the mortgage in a bottom-up bailout. Let's throw in existing homeowners as well, who had made proper payments in the mix, so they get some benefit from the situation.

Instead lots of money handed over to banks to fix their books and toxic assets handed over to the .gov. Lots of people losing their homes and jobs, no one in the financial sector really seeing any jail time or penalty for their malfeasance. Much of the financial sector actually made off quite well during/after the crisis.

We're seeing it again with big businesses getting COVID bailouts, meanwhile politicians are wringing their hands that unemployment insurance benefits are "too high" and "main street" needs to get back to work. Make sure "main street" is held accountable and/or penalized, but it seems there are a lot of golden parachutes and soft landings for big business and the finance industries.