Federal agents kept smashing up weed shops in California after we legalized it. He seems awesome by comparison, not because he was awesome. Same with Billy C. We haven’t had an awesome president in my lifetime.
Federal agents kept smashing up weed shops in California after we legalized it. He seems awesome by comparison, not because he was awesome. Same with Billy C. We haven’t had an awesome president in my lifetime.
He could have used the power of the federal government to bail out the individuals instead.
I doubt the individuals would have been able to pay it back with interest like the banks did.
The idea would be that the Gov renegotiates the loan, pays off some portion of the interest to make sure that all of us have money in savings expecting return to get it, and then the home owners would get a more reasonable rate. The government would also have to tell all the bank shareholders to take a long walk off a short pier. Oh and jail the C-level
The problem though was that many of the people taking on those horrible rates were people or properties that were bad investments. And the government never really cares enough to punish white collar crimes even they are industry wide like this. Look at Wells Fargo. They full on committed fraud, signing people up for accounts without their knowledge and no one went to jail. If you or I did that for one individual its a felony. But if you’re the bank itself its no big deal. WF should have been broken up and sold off and a bunch of people should be living in a cell.