Yushi wrote...
While american banks we're powerful, they're way of managing they're money was terrible! Don't need to pay for your house in the next 5 years!? Then all the sudden '' Okay PAY UP BITCH! '' Like wtf we're they thinking.
I was told, since i'm too young to have experienced that, canada tried the same morgage (or whatever it is) thing with houses with they're banks. And after a year we were like : ''Wtf is this PoS system'', and switched.
Like its amazing how the ''leaders'' of the world were rolling they're thumps about a system that was going to completly fuck them up after nearly 30+ years the system being used
Normally, if a company does bad business practices then they deserve to fail. Nowadays, companies and economies are so intertwined that companies can fail and get bailed out (providing they are big enough).
I'm surprised a conspiracy theory hasn't emerged about this was all planned by the banks and/or politicians. Basically, a way for the American government to socialize the banks and leaving the American people out of the loop since if we failed to bail them out then the economy collapses.