Commissar SFLUFAN Posted October 2, 2018 Share Posted October 2, 2018 I should've posted this last week, but better late than never. 1 Quote Link to comment Share on other sites More sharing options...
Nokra Posted October 2, 2018 Share Posted October 2, 2018 Fascinating read, thanks. Have you read the book mentioned, @SFLUFAN (Crashed)? Or anyone else? I'm intrigued but knowing as little as I do about these kinds of financial matters I'm worried it might be way over my head. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted October 2, 2018 Share Posted October 2, 2018 I've read that a good alternative could have been for the government to simply pay off a lot of these mortgages instead of just bailing the companies out, but I don't know enough about the situation to say if that would have been a good idea. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 2, 2018 Author Share Posted October 2, 2018 1 hour ago, Nokra said: Fascinating read, thanks. Have you read the book mentioned, @SFLUFAN (Crashed)? Or anyone else? I'm intrigued but knowing as little as I do about these kinds of financial matters I'm worried it might be way over my head. I haven't read Tooze's new book yet (probably going to ask for it as a Christmas present), but I have read his previous book The Wages of Destruction: The Making and Breaking of the Nazi Economy and found it to be perfectly understandable for someone who isn't well-versed in deep financial matters. Tooze very much writes popular histories for mass audiences. 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 2, 2018 Author Share Posted October 2, 2018 2 hours ago, CitizenVectron said: I've read that a good alternative could have been for the government to simply pay off a lot of these mortgages instead of just bailing the companies out, but I don't know enough about the situation to say if that would have been a good idea. That notion was very much an idea that was floated in "fringe" economic circles at the time, but has gained greater credence in subsequent years. Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted October 2, 2018 Share Posted October 2, 2018 5 hours ago, CitizenVectron said: I've read that a good alternative could have been for the government to simply pay off a lot of these mortgages instead of just bailing the companies out, but I don't know enough about the situation to say if that would have been a good idea. But the government only exists to help corporations, not the economy or individual familes/people! C'mon now. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted October 2, 2018 Share Posted October 2, 2018 In light of This WaPo article it's amazing how much better the bottom 90% would have been if they hadn't been forclosed on and had to sell off stocks during the crisis. Hell, forgiving the first 500k on primary residences in place of (or in addition to) the bailout would have been enormously popular given how dire things were back then. Quote Link to comment Share on other sites More sharing options...
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