Re:Booking.com gives €28m in bonuses to three top execs; Too...
by austincheney on Sunday May 30, 2021 @06:57AM
(#27332293)
Very many of the non developer employees were there 14 years ago, so these stories of what the bank went through are more than vague rumors.
> Has anyone ever had to be "forced" to purchase anything for "pennies on the dollar"?
There is typically not much interest in the purchase of something with a high negative value even if highly discounted. That is why it was mandated by the government, so that a large solvent organization could assume another large groups insolvency before the insolvent group closes and strikes their assets.
Over most of USA history, both parties active at any particular time serve the interests of capital. There are occasional exceptions (e.g. FDR), but now is not such an exception. It's silly to emphasize the difference between parties, but if we must do so the past two decades in which control of Congress and the presidency has passed back and forth are something of an anomaly. Before Bush the Lesser, the last time Republicans were in any sense "dominant" was under Hoover. The Democrats held the House for twenty consecutive Congressional sessions.
If the stories you've been told, about your bank or about the USA political system or about anything else, don't make sense, then consider the possibility that those stories simply aren't true.