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Originally Posted by sebastian_dangerfield
You can cite me any stat on subprime lending and floating home loan rates re-emerging as proof the lending spigot has opened to Joe Sixpack, but those are outliers.
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Wait, you think returning to the bubble years' lending would be (a) good and (b) a sign of improvement for Joe Sixpack? Um, no. That was Wall Street preying on the vulnerable. We want that reined in.
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We could have done all of that while allowing the people in those banks to lose their asses
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No we couldn't and trying to would have gone an immense amount of damage to the little guys. See, every bank run ever. Whose mortgages and savings do you think are on the bank's balance sheets?
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We could have allowed investors to suffer on par with labor.
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How? In your (moronic) morality tale, investors were "bailed out" with low interest rates and loose monetary policy. You think labor is better off without those measures? Because they aren't.
