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Econonomy 5 years ago. Your opinion about it?
Why did the Fed and the Treasury (Bernanke and Paulson) take the differing approaches with Lehman and AIG?
Looking back now, should they have tried to save both, or should they have let them both fail? What would the consequences have been of "all in" or "all out?"
1 Answer
- Anonymous7 years agoFavorite Answer
Well apparently if the bail-outs in the 2008-2009 crash were never made, we'd be living in a post-apocolyptic world, a total colapse of society. But I debt that. They said this to induce fear, so people would support the printing of trillions of dollars to "bail-out" a bunch of companies that engineered the crash in the first place...It was the biggest legal bank heist in history. Did you know that if they used all the trillions of dollars they printed to bail-out those companies on renewable energy, America would be 50% renewable energy right now... lmao instead they gave it to banks that enslave people in debt and steal generations of wealth from people...great world. And geuss what? all the money they created out of thin air for the bail-outs, was added to the national debt of the country and is now being paid for via taxation...legalized robbery.
http://www.youtube.com/watch?v=HfpO-WBz_mw