☆ Yσɠƚԋσʂ ☆Americans get played once again
Archangel1313Same game as the 2008 economic crash. They could have bailed out the mortgage holders…but instead, they bailed out the lenders. The banks would have gotten paid either way, but instead of helping regular people…they just gave the money to the banks.
2008 didn‘t damage mortage holders, how did you get to this opinion? Banks were packaging bad credits with good ones an shifting those packages like hot potatoes between each other. Till it crashed.
Yes. That’s a different case to todays case. People should‘ve been bailed out. Trump used his powers wrong and thus the paid tariffs have to be paid back to the importer. If the importer give this back to customers is a different question. Everybody should speak to Walmart et. al. about a this.
Because these companies have ALWAYS responded positively to consumers wishes, its why prices are so low and why we’re in a golden age of national production, instead of paying companies to ship products from one country, where they’re farmed, to another country to be processed, then another country to be packaged, and finally to their destination where they’re sold.
Instead of giving the default money to banks they could have given it to the “bad credit” mortgage holders, who could have used it to pay their mortgages. The money still goes to banks but people get houses too.
But greed demands they own the debt and the house after taking all the money first. Corpos gotta really squeeeeeze to get that last drop.
They were also offering sub-prime mortgages with extra long amortization terms to people who wouldn’t have otherwise qualified for a mortgage. It was basically on-par with pay-day loan scams. That’s what they were shifting around…the debts those people owed.
They were all thrown under the bus, so the lenders could make fast cash selling that debt amongst themselves, and then get bailed out by the government when that debt collapsed.