US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008
US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008
www.businessinsider.com
US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008
Not to worry... our tax dollars will gladly go to the billionaires who have made horrible decisions and investments and lost their asses.
We, the taxpaying public, LOVE bailing out all the "too big to fail" firms when they fuck up due to greed and stupid shortsightedness.
I mean the alternative is the economy collapses... people really need to understand systemic risk.
However I do think they could and should bail out and nationalize. Let their profits reduce my tax burden.
How about this: bail out the banks in exchange for shares, and jail the billionaires who gambled with everyone's money?