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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not sure many around here would do well in the world that would exist in the absence of bailouts.  [/quote]

“Around here?” WT ever loving F are you talking abt?  Babe, you won’t survive a banking crisis either.  IDGAF if you are a farmer, a marksman, a mountain climber…whatever libertarian BS you believe.  Every single person in this country would be F’ed if our entire banking system went down.  Give me a break …. You’re not a big strong man[/quote]

I lived through 08-09 front and center. There was no credit - the system froze. But we chose to bail out the banks not consumers or small business owners. And that has had disastrous results. Income equality, political divisiveness, a coup.

So having experienced that why should we continue to bail out the financial services industry ? I watched the US pay Goldman Sachs 100 cents on the dollar - par - for their credit default swaps with AIG. Why did Geithner tell us we had to foam the runway for 10 Million foreclosures ?

So tell me again why we have to bail them out ? And when we do and I sit in front of them they tell me they can’t help me because that would be moral hazard like they did in 08 and 09 ?

All the while my AIG neighbors were getting bonuses and putting in pools ?

Sure as hell felt like Armageddon for us regular folk…so really not interested in the nonsense that we can’t afford to not bail them out.

Let them eat cake.

[/quote]

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