Then they don't use that money to pay off the overleveraged investments.
So, they take our money, invest it poorly, get bailed out by more of our money (taxes and watering down the dollar through printing) and then take that money and double down on the shitty investments that got them in trouble to begin with.
Highway robbery is more respectable, because at least they don't print money.
Like the sad old joke of the gambler down on his luck that is given some $. Instead of paying down his debt, he gambles it again hoping to win big again and pay it all off with some left over. Yet again, he loses.
sad old joke, indeed...my lifelong best friend's husband did precisely THIS, at a casino...she was still working, he retired long before and was doing all of this behind her back, with credit card debt, HELOC etc...they almost lost house and everything else, so she had to keep working much longer than she should have had to...AND he kept up same behavior until the day he died, on a smaller scale through lotto and scratch-off tickets...(sorry about the rant...)
The FED prints the money to bail them out.
Then they don't use that money to pay off the overleveraged investments.
So, they take our money, invest it poorly, get bailed out by more of our money (taxes and watering down the dollar through printing) and then take that money and double down on the shitty investments that got them in trouble to begin with.
Highway robbery is more respectable, because at least they don't print money.
Not to mention that five of the top six ate shareholder banks in the Fed
This. How is this not talked about more
Like the sad old joke of the gambler down on his luck that is given some $. Instead of paying down his debt, he gambles it again hoping to win big again and pay it all off with some left over. Yet again, he loses.
sad old joke, indeed...my lifelong best friend's husband did precisely THIS, at a casino...she was still working, he retired long before and was doing all of this behind her back, with credit card debt, HELOC etc...they almost lost house and everything else, so she had to keep working much longer than she should have had to...AND he kept up same behavior until the day he died, on a smaller scale through lotto and scratch-off tickets...(sorry about the rant...)