Re:US Household Debt Surpasses 2008 High
by tacct142 on Wednesday May 17, 2017 @07:01PM
(#14363545)
Excellent. Which group of poor decision makers will I get to bail out soon (oh, students, superb!) while reading my daily "The Death of the Middle Class" article?
[ Parent
| on HN ]
Why would a bunch of rich kids get the bailout we should instead give the money to all those poor banks that put themselves at risk.
/s?
A bank's core function is to evaluate credit risk. If a bank can't do that, the people running it should be doing something else.
You will be bailing our your State's underfunded pension first, most likely. If not your State then some other State when their debt is federalized.
It gets better still . . .
http://www.fanniemae.com/portal/media/financial-news/2017/st...