I get that there is a human side to bank runs and no one wants individuals to get hurt financially, but how can anyone be for a bailout? Have we not learned anything from 2008? If one bank gets bailed out, why not the next? Why stop at banks, why not all industries? If the government comes in to socialize all losses, what's the difference from nationalizing that business to begin with?
These actions aren't free and aren't without consequence. For a lot of us, the bailouts and TARP were the very reason that we're here right now and to push all that aside and to advocate for those same actions again just doesn't make any sense to me.
Tony 🥩 ⚡
npub1t7…wfy09
2023-03-12 00:57:00
Author Public Key
npub1t7cqjx4wkuh2eh97n7e6vj0w8wy8q32v9tdeyagxfpyv3jwqm5wszwfy09Published at
2023-03-12 00:57:00Event JSON
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"content": "I get that there is a human side to bank runs and no one wants individuals to get hurt financially, but how can anyone be for a bailout? Have we not learned anything from 2008? If one bank gets bailed out, why not the next? Why stop at banks, why not all industries? If the government comes in to socialize all losses, what's the difference from nationalizing that business to begin with?\n\nThese actions aren't free and aren't without consequence. For a lot of us, the bailouts and TARP were the very reason that we're here right now and to push all that aside and to advocate for those same actions again just doesn't make any sense to me.",
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