General Discussion
In reply to the discussion: Occupy Wall Street and the Personal Debt Crisis [View all]girl gone mad
(20,634 posts)Good job.
Now tell me who was holding a gun to the bankers heads and forcing them to print all of this credit money, creating bubbles and dislocations in the process? Who held a gun to the head of the bankers and forced them to securitize these debts which they knew to be "Dogshit" and sell it to investors after bribing rating agencies to stamp it high grade? They were stupid enough to sign the loan agreements, too. They knew what they were doing so why were we forced to bail them out?
Tell me why we are still forcing people to pay on this debt when the banks have already been bailed out for their colossal fuck ups and have been allowed to keep profits from these massively illegal activities? The banks were given trillions in bailouts, below market loans, tax forgiveness, slap on the wrist settlements, etc. After all of this you still expect the people to act against their own financial best interest so that parasitic rentiers can continue to sit on their asses raking in unearned money? Grow up.