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by droidjj 26 days ago
This is what people said about the banks in 2007. Just because the big players’ balance sheets can take the hit doesn’t mean the wider economy is insulated.
2 comments

Exactly. The below reply to you also says the banks were bailed out. "So people were right".

How so? Big corps got home safe. Not the people. People committed suicides and lost their livelyhoods.

And all these banks were bailed out by big brother. So the people were right.
A) they still screwed the economy and everyone in it except themselves. B) Nobody gives a shit about the banks as businesses. They got bailed out because they physically made much of the world’s economy function, like plumbing. That’s not going to happen here.
You're still ignoring their mention of the wider economy. The banks were bailed out, but everyone downstream of them still felt the brunt of the impact, atop paying for that bailout with tax dollars.
Yeah and a lot of far less powerful people got fucked over from the crash. Is that what a successful, functioning economy looks like to you?