BANK BAILOUT

Did we do the right thing back in 2008 by bailing out the banks?

Have they paid it all back, would you support a bail out again, what would happened if we didnt this time?

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No it was completely the wrong decision - they should've been allowed to fail as they would've in a true capitalist, free market system. The immediate pain would've been much greater, but we'd be on the road to real recovery by now.

Instead we're still fucked and the next crisis will make 2008 look like a picnic.

>No it was completely the wrong decision - they should've been allowed to fail as they would've in a true capitalist, free market system


My thoughts exactly.

Still grips my shit to this day.

Just how did the banks suffer? Oh thats right quantitive easing, give me a break.

Now the threaten to leave the UK in a strop because of BREXIT. Wow, thanks lads, we bail you out £1.2t and this is how you thank us?

Just..fuck our shit up

Banks have mostly "paid back" 0% interest loans.
Banks still get a $1billion per anum subsidy for "being banks."
No the banks have not stopped the practices that lead to crash.
No it was not good because it didn't help consumers very much and many are simply worse off now.
What would have happened? Certain very wealthy people would not be considered so wealthy. Perhaps, the discrepancy between value of products and products of labor would not have become even more inflated.

Very interesting that all recessions were under right wing presidents

All administrations of the past few decades in the US have been largely the same when it comes to monetary and fiscal policy. The blame often lies squarely with the reckless policies of the Federal Reserve which slashes rates causing bubbles to inflate (which people mistake for a "recovery") and then it bursts 8 years later causing a recession.

Honestly, neither party is better at economic policy. They're both beholden to the same donors.

first time in a long time on Sup Forums someone made a coherent line of thought

Justified and effective. There was a real 50% possibility if they didn't bail the banks out you'd go to the ATM machine and there would be no money. Payroll at work would not be able to pay you. Would you show up at work after that? How would you pay your rent? A complete credit freeze is fucking terrifying.

Banks have become too big to fail; they've consolidated their power and can make bets that the taxpayer subsidizes the loss. This is a moral hazard that must be dealt with by decreasing their maximum size. However, you're a dirty Hillary/Bernie loving commie if you want to bring back smaller banks. Government regulation is evil!

really makes u think

...

"We". You don't live here.
No. People should of been jailed. Both politicians that enabled out, and the bankers who engineered it.
Instead everyone got bonuses. I hate my government. You can be jailed for years for stealing candy bars three times, yet you can steal billions from taxpayers and get a bonus.

Bill Clinton just aided in blowing up a huge tech stock bubble which burst just after he left office. He also repealed the Glass-Steagal act and implemented Basel II which were pivotal in allowing the GFC to cause such damage to banks and other financial institutions.

Meanwhile the Obama administration has undergone the biggest debt splurge in the history of economics, bailed out the banks to the tune of hundreds of billions of dollars all while the Federal Reserve slashed interest rates to the lowest on record and left them there for nearly 8 years.

Both democrats and republicans in the past 30-40 years have been terrible for the economy simply due to the fact that they've allowed the Fed to continue its reckless policies and they haven't allowed the free market to function.

Yeah we need another war. Money has been made under a Dem, we can afford it. A vicious cycle.

No, the right thing was what Iceland did, let the fucking capitalist idiots who broke the law fail and throw them in prison.

The bailout "saved" the economy by putting the catastrophe off a few more years. The underlying problems never got fixed.

Democrat presidents tend to expand the economy though, if you look at the history of the last 40 years you can see that.

The British government also bailed out banks. The world doesn't stop outside your borders.

Adjusted for debt this is simply untrue. Everyone forgets to normalise growth with inflationary-deficit spending - it means jack shit if you have 10% annual GDP if the rate of debt accumulation if 20% per annum for example.

And since 2008, it has taken something like 5.5 dollars of debt to produce 1 dollar of GDP growth in the US - pretty abysmal.

All those fucking Jews caused it. Summers, Levin, Rubin, Greenspan, Bernake. And the Crypto Jews that assisted them in the government, Paulson, Clinton and Bush.

All of them should have been strung up long ago.

>implying the expansionary effect of deficit spending when you are not fully utilizing a countries capital or workers is

It's kind of funny considering how teachers always taught the class that "banks are too big to fail" then bailouts happen in 2008.

Agreed. Also,

1.6 TRILLION EUROS WHAT THE FUCK

We did the least worst thing by bailing them out.

How big is the real happening going to be?

I agree with the first part, but not so much the second part.

It's not about a bank's size, it's about how interconnected the bank is. Bear Stearns wasn't a large bank, but it's (almost) downfall still caused a huge panic because it was so interconnected with the other banks.

Also the US banks need better regulation.

Wrongo, buddy.

The US is the sole superpower in the United States. It projects power and culture everywhere in the world, and it can quickly deploy its military anywhere in the world. The two most important ways that America projects influence is the military and its currency.

Letting the banks die for bad practices might seem like a good thing, but it'd fuck us over. We'd lose the superpower status that we've killed and died for. And if any faggots try the muh big bank line, gas them. The only problem with giant banks is that they're too big to effectively manage from within. All banks follow the market and do the same bad behavior. If we didn't have big banks we'd still have to bail out thousands of small banks to keep the banking system from failing. That's what we used to do before we had the giant ones, and that's what we'd do if we broke them up.

Eurofags and Slavs who argue against the bailout are just trying to get the US to stop being a superpower, and they can fuck themselves to permanent sleep.

>US is the sole superpower in the world.

I'm writing on an iPad, and I can't really see what I've been typing until after posting.

If that stupid globalist shill obummer didn't bailout the banks they would have failed hard as fuck so everyone trapped in a predatory mortgage would have become the defacto owner of their home Obama could never let his (((family))) lose their power on the populace ( his mother is related to the Rothschilds) this is why that fucking commie faggot Muslim gave the banks 800m dollars when they gave out 5b in bonuses that year. The whole system is corrupt and needs to die.

Hey, Obamaleaf, do you have a real job? Do you just shitpost full time on /pol? Actually curious.