Didn’t some of these companies cause the crash? Or at least help it. Feels kind of unfair that they get off scot-free.
What would have happened if the government didn’t bail them out? Would we ever recover?
In: Economics
Because the politicians and money managers are symbiotic. The financial regulations that directly led to the collapse were loosened in the 90s, directly benefiting financial firms and fucking over lower income Americans. Then when the money managers overdid it and caused the collapse, their political buddies bailed them out again.
Latest Answers