Hacker News new | past | comments | ask | show | jobs | submit login

Yeah, just like the government bailouts during the 2008 financial crisis[1]. Except the US gov doesn't bail out poor people.

[1]: https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80...




If the government hadn't done that, there was a very real chance of the economy grinding to a halt, with mass layoffs resulting, which would have had a very, very large impact on poor people. So yes, in a way, it was a bailout of poor people.

I think they should have done much more to break up the banks into smaller chunks in the aftermath, but I'm tired of this sort of lazy condemnation of what they did as some conspiracy to help rich people and not poor. They were trying to get the country through some very dire times.


Ok.... how does that relate to the topic we're talking about? I know it's fashionable to point to bankers and complain about how bad they are, and while most of it isn't incorrect, it doesn't answer the question of what happens to those who get taken in by scam investments.




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: