Biggest mistake of 2008 was not holding people accountable. Second biggest mistake was bailing out the banks.
The government should have enforced collective bargaining to keep people in their homes, and cap ARMs at 3% APR, and make the maximum payment of a mortgage no more that 25% of the owners annual income, and capped the term length at 30 years. Bank’s can’t make money on those terms? Fuck’em. We should care more about people being able to live in their houses than we should care about a billion dollar business’ bottom line. Investing comes with risk, accept the risk that if you build a system that topples the economy and forces people out of homes due to predatory loans, that you might lose some profit.
I am an anarchist, but I find myself saying that more and more lately. Some people got more conservative as they age, I wonder if Gen Z might get more tankie as they age and be like “Fuck it, let the communists do what they gotta do”
While I do think the rich need much more consistent and aggressive punishments for their crimes… I am still not a fan of the state killing people. Especially when they themselves are often corrupt.
What’s to say they just want to do something like this to insert their nephew as new head of said bank etc?
States are killing people all the time, as are billionaires and corporations. I’ve got problems with the death penalty in practice too, but I’m not giving a single fuck about something like this.
Not to get all tankie here… but executing corrupt bankers? America could learn a thing.
Biggest mistake of 2008 was not holding people accountable. Second biggest mistake was bailing out the banks.
The government should have enforced collective bargaining to keep people in their homes, and cap ARMs at 3% APR, and make the maximum payment of a mortgage no more that 25% of the owners annual income, and capped the term length at 30 years. Bank’s can’t make money on those terms? Fuck’em. We should care more about people being able to live in their houses than we should care about a billion dollar business’ bottom line. Investing comes with risk, accept the risk that if you build a system that topples the economy and forces people out of homes due to predatory loans, that you might lose some profit.
Sigh as the .ml user, I guess I’ll be the tankie about it…
WOO! LET’S GET OUT THE POPCORN!!!
I am an anarchist, but I find myself saying that more and more lately. Some people got more conservative as they age, I wonder if Gen Z might get more tankie as they age and be like “Fuck it, let the communists do what they gotta do”
As an older Gen Z, not only will I let the commies do what they gotta do but I’ll grab the shovel and start digging some graves
While I do think the rich need much more consistent and aggressive punishments for their crimes… I am still not a fan of the state killing people. Especially when they themselves are often corrupt.
What’s to say they just want to do something like this to insert their nephew as new head of said bank etc?
States are killing people all the time, as are billionaires and corporations. I’ve got problems with the death penalty in practice too, but I’m not giving a single fuck about something like this.