this post was submitted on 12 Mar 2024
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the_dunk_tank

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It's the dunk tank.

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"The horrors of rich people not getting bailed out"

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[–] Tunnelvision@hexbear.net 20 points 1 year ago (3 children)

Yeah I feel like even as propagandized Americans are everyone pretty much knows bailing out everyone in 08 was a massive mistake and we should never do it again.

[–] TreadOnMe@hexbear.net 18 points 1 year ago (2 children)

We literally did it again in 2020, idk what you are talking about about. What do you think 'quantitative easing' is?

[–] Tunnelvision@hexbear.net 14 points 1 year ago

I mean what exactly do you think a dictatorship of the borgschwazzee is?

[–] Adkml@hexbear.net 9 points 1 year ago

If there was any hope for this country burning down businesses that got PPP loans forgiven would have been a nationwide meme.

[–] GrouchyGrouse@hexbear.net 11 points 1 year ago

I saw Jamie Dimon's name in a headline the other day that wasn't about a jail sentence or an obituary. It's incredible his name still has purchase in the world of economics.

[–] Adkml@hexbear.net 8 points 1 year ago

"But they paid back those loans with interest" - my mother

Yea turns out when instead of punishing a company for taking everybody's money you give them a couple billion dollars of free money they can figure out how to make the 1.25% interest payments none of us would ever get.