Americans get played once again
https://lemmy.ml/post/43478869
Same 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.
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.