Liberal Democrat

Liberal Democrat
Individual Freedom For Everyone

Monday, October 17, 2011

The Young Turks: Cenk Uygur- 'Debt Relief For Banks, Not Homeowners'

Source:The Young Turks- Cenk Uygur on government bailouts.

"The Young Turks host Cenk Uygur talks about Freddie Mac, Fannie Mae will screw homeowners." 


Wow! I actually agree with The Young Turks on something, or at least Cenk Uygur. Damn, sign me up for a head examination immediately, I must be overdue now. 

I agree with Cenk in this sense (and hopefully I didn't misspell that, its only four letter for crying out loud) that the wrong people were bailed out in 2008. The people who blew most of their wealth away, meaning their corporate wealth, I'm sure the people running these company's were doing great personally, but their company's were bankrupt thanks to them. And the people who did business with them, were left bankrupt or drowning in debt as a result of the Great Recession of 2008 and the housing crisis. They didn't get any bailed out and had they did or get bailed out soon, like having the debt forgiven. 

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