• 0 Posts
  • 117 Comments
Joined 11 months ago
cake
Cake day: November 9th, 2024

help-circle

















  • Sorry should be a been more clear.

    There should have been a nationwide pause on foreclosures like was done during the pandemic. Review the loans, refinance to reasonable levels. Revalue houses where prudent, fix predatory loans and fuck those banks that sold them.

    And instead of giving banks a trillion dollars we could have spent that on a universal basic income that would have been up to the individuals to spend. Like any other income.

    The big argument for bank bailouts was that the payroll system would collapse. A UBI could have made it at least not dire.


  • Yeah, I’m more and more convinced letting them bail out the banks, instead of bailing out legit homeowners during the housing crisis would have saved the Democratic Party.

    The argument against it was always “but the banking system and payrolls would collapse”.

    Then the pandemic hits and they send out checks and expand loan deferment (could have been forgiveness, but we let the Republicans fuck us over on that too) practically overnight. They still have too much money to businesses that shouldn’t have needed it (like the NBA or whatever).