The Bailouts for the Rich Are Why America Is So Screwed Right Now

in #economy3 years ago

America has a social contract over home ownership dating back to FDR and the 1930s. Since that time, home ownership is a political topic.

The housing crisis of a decade ago was a result of this social engineering. The problem is the response was to help out those with little in the game. By focusing the bailouts on the bankers, the government basically screwed the little guy.

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so true

In the end, you have to pay for the price for injustice :)

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I think this is cold on the side of the government. I'd thought it's only in my part of the world that shits like this happens...
Thanks

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This is why small people suffer in every situation whether it’s small or big , let us move forward and support ourself

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Im actually watching a documentary right now about the 2008 housing buble and learning a lot in investing.