Re:Americans Are Still Spending Like There’s No Tomorrow
by woodruffw on Monday October 02, 2023 @09:46PM
(#37746936)
> Worst case, there’s a 2008-style crash and you and millions of other voters get government bailouts.
I don't think individual mortgage holders, as a class, got government bailouts during the GFC. The closest thing I can think of is the Troubled Asset Relief Program which, to my understanding, largely benefited the banks themselves (by allowing them to offload toxic assets). Am I missing something?
I don't think individual mortgage holders, as a class, got government bailouts during the GFC. The closest thing I can think of is the Troubled Asset Relief Program which, to my understanding, largely benefited the banks themselves (by allowing them to offload toxic assets). Am I missing something?