Banks make bad decisions and offer risky loans that fail, and want taxpayers to bail them out.
Automakers are more concerned about diversity and homosexual agendas and can’t get people to buy their cars, and want taxpayers to bail them out.
People want houses and loans for them that they know are above their lifestyle, and keep taking credit card offers they never pay off, and they want taxpayers to bail them out.
No. The average taxpayer can’t get away with assuming others will cover their bad personal or business decisions. Who will bail out the responsible people? Nobody. They’ll have already taken the money from the responsible, to bail out the irresponsible.
Besides theis whole fractional reserve/credit out of thin air banking system is abused to the extreme. They should not be able to generate 90 dollars of credit or more on one dollar deposited. When lots of loans fail, banks ares stretched WAY WAY too thin because they don’t have the physical cash deposited to cover people’s holdings in the bank.
It is a self-induced crisis that could totally be avoided. Makes me sick.
No one is talking about the greed of the Housing industry. As American Family average size has gotten smaller the average size of home has increased.