[No, that's not what you're saying dumb-ass. That scenario already exists asshole. What happened to Bernie Madoff when he fucked everybody over? He went to prison, stupid!
But that's the problem. ONLY Bernie went to prison. Bernie didn't cause the whole 2008 crash by himself. The people who ran Morgan-Stanly and Lehman and Bear-Sternes not only didn't go to jail, they got bailouts and they got to keep their bonuses. And 93% of the money created in the recovery went to the 1%? So what possible disincentive is there for them to not do it again.
Because the other guys didn't cheat anybody stupid!!!! It was government (lead by Bill Clinton), which FORCED them to make loans to people who should never have gotten loans and previously didn't (because socialist assholes like you think everyone should own a $300,000 home even if they can't afford it). This is what happens with the two things you love most: government and force. It collapses economies,
stupid (just ask the former U.S.S.R., Cuba, Greece).
Half of these corporations saw these risky loans piling up and they rolled them up into risky investments. The other half of corporations didnt do their homework, bought those risky investments and took it on the chin. Either way,
NOBODY got fucked over. If you were greedy and invested your money with people you didn't know, you got exactly what you deserved.
And
NONE it would have happened had government stayed the ****
out of the home loan business where they had no constitutional authority to begin with and this didnt belong!
As usual, you libtards
create the problem and then cry the loudest about it.
Yes, the Community Reinvestment Act encouraged banks to make risky loans | Midwest Voices