Yes, the under-regulated banks were able to take some of the money and hand it out like candy. In essence, the fire was so large that we had to spray money on it like water, and some of it was comically mis-used. That doesn't change the fact that we had no other choices.There were no other options, guys. The Fed had no other options than to prop up the banks, which had foolishly loaded up on -- and sold, and shorted -- shit securities. Credit markets were frozen, and it was going to take (a) a lot of money and (b) a lot of time to get them circulating again.And the trillion dollar stimulus, where O paid his buds off and fleeced the taxpayer.The Dems also kicked out homeowners who couldn't cover their mortgages....but bailed out the mortgage holders. We have record number of EMPTY homes in America today. Actually more empty homes than there are homeless.
The giant tax giveaway by the Obama admin...bailed out the banks...but not the homeowners who lost everything.
What was done had nothing to do with politics.
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HAhahahaha....
Yes, and this perfectly explains that even as late as 2015, when Investment firms were lining up years of record profits... the O administration was still handing out our money to them. Even after repeatedly using our money to invest in overseas ventures...Obama continued to hand out the money. One year after the collapse, you might remember the story that broke that several Wall Street firms gave out record bonuses to execs....yet Obama had only began to provide free money.
Wow...the blind are truly blind.
Now, tell me what you would have done under current laws at the time, so that I can enlighten my fellow CFPs and financial advisors on this issue. It's nice to know that I finally have a source for the real truth on this!
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