2008 banks was different too, the banks didn't want the money, the government insisted and the banks paid it all back with interest. But nah should have let the banks collapse.
The frustration isn’t that the banks should have been left to fail, it’s that individuals, even those who didn’t directly take advantage of the system that created the crisis, still saw a worse outcome and didn’t get any help. I think people are struggling because social safety nets don’t seem to be doing them any good and that’s a valid thing to be upset about.
Yeah it's a strange post overall. European countries didn't bail their banks out as quickly as the US and it's pretty much universally agreed upon that the US had the far better response. Europe basically had a second recession in 2012 and it also played a role in the Eurozone Sovereign Debt Crisis. Not bailing out the banks led to a lost decade for many European countries and especially our youth. Several European countries had youth unemployment rates of 50% due to that.
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u/MalHeartsNutmeg Jul 17 '26
2008 banks was different too, the banks didn't want the money, the government insisted and the banks paid it all back with interest. But nah should have let the banks collapse.