You're absolutely right, a government can do that. Who would pretend otherwise? We have a government right now that supports the rich exploiting the poor.
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Can you explain how the rich are exploiting the poor? Seems the opposite is more true. All those defaulted mortgages. Rich people provided the money. Poor people took the money. Rich people have lost their own money. Poor people lost rich people's money.
You have no..and I really mean no..idea what you are talking about. None.
Rich people didn't provide the money. Rich people use your money and my money to make money.
They never ever risk their own assets. That's for suckers.
Obviously you don't know a thing about finance.
I guess you think everything they do is in as total vacuum. They don't have to pay any overhead for their offices, their employees, utilities, state and federal taxes, licenses, worker's compensation, etc.
You claim they have no risk. The fact that more and more people defaulted on loans from 2003 to 2009 than just about any time in our history. The folks that defaulted walked sticking the banks with the bill.
I used to loan money and I had a list of at least 50 names of people that never paid me back. The poor are not the helpless sucks you claim they are. The reason some of them are poor is because of waste and lack of accountability.