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re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?
Posted on 5/15/17 at 9:13 pm to TigerFanInSouthland
Posted on 5/15/17 at 9:13 pm to TigerFanInSouthland
Iceland let the banks fail, prosecuted the bankers, and bailed out the depositors. Their unemployment rate peaked at 6.3%.
2
Posted on 5/16/17 at 12:34 am to Bestbank Tiger
quote:
Iceland let the banks fail, prosecuted the bankers, and bailed out the depositors. Their unemployment rate peaked at 6.3%.
Could this absolutely not have worked here?
This post was edited on 5/16/17 at 12:40 am
Posted on 5/16/17 at 6:58 am to Bestbank Tiger
quote:
Iceland let the banks fail, prosecuted the bankers, and bailed out the depositors.
Iceland prosecuted bankers who actually broke the law. So did the US.
As usual, Russian is correct b/c he understands how everything works. Most of you are simply repeating something you saw on the internet that "makes sense" to someone who doesn't really have a clue.
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