hipeter924
Not a zombie yet
These banks shouldn't exist, they should have gone bankrupt, the banks bribed the US government with all the money they had left to pass the bailout.Here's my main complaint with Obama and Wall Street.
Where are the prosecutions?
When Enron failed as part of the 2001-2 collapse, George W. Bush's justice department went after Enron with a vengence. Everyone said that Enron had the Bush people in their back pocket, but Bush still sent the key players to prison. (Ken Lay had a heart attack before he saw the inside of a cell).
Why hasn't Obama prosecuted the people responsible for the 2008 collapse? Maybe because a lot of them were his top donors.
At least then if the US had to spend trillions of dollars, it could have got the foreclosed homes back for next to nothing, instead there were stimulus packages and government interference which deepened the recession still further.
If there was no bailout, you would be getting loans from Chinese, Russian, European or otherwise foreign banks who would have set up branches the moment US banks collapsed. Bank of America isn't the worlds only bank, nor is Citibank? So much for the free market, the US got Corporate socialism.