Quote:
Originally Posted by ThurgreedMarshall
Why increase the ranks of hungry people? The super rich wouldn't go hungry. The whole middle class would.
It would have been nice if the electorate was smart enough to understand what happened and decided to completely redo our financial system by electing people who would carry that out. But that wouldn't be fair. What if they were the rich ones?
TM
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I may be wrong, but I think if the banking system had collapsed, it would have been the super rich that would have been fucked. The Fed could have come in the day after the collapse, picked up the good pieces, pulled them together, and sold that off to someone else, subject to a lot more supervision.
I don't know too many middle class folks who were over-invested in CDOs and credit default swaps. I don't think most of them would have felt a thing. But that's easy for me to say, because it didn't happen. I acknowledge that.
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