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A comment on Trillions in Bad Loans May Sap World Economy for a Long Time. Parent comment

Re:Trillions in Bad Loans May Sap World Economy for a Long Time by golergka on Thursday February 04, 2016 @11:55AM (#11035246)
What about the people who put their money in the bank, the money that was used to give those loans? People who are relying on their pension plans? Life savings?

What you're saying is that we should _just take money from people_, without expectations to give them back anything directly.

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by sbierwagen on Thursday February 04, 2016 @12:16PM (#11035417)
Savings accounts are FDIC insured up to $250,000.

Many retirees hold government bonds, which aren't going to default.

A consumer-debt jubilee mostly affects investors, and maybe pension funds.

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by forgetsusername on Thursday February 04, 2016 @01:11PM (#11035898)
>Savings accounts are FDIC insured up to $250,000

So? Do you think that this sort of insurance is free, and can be called upon without economic consequence?

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by golergka on Thursday February 04, 2016 @03:31PM (#11036961)
> Savings accounts are FDIC insured up to $250,000.

Where do you think this insurance comes from?

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