Banks knew damn well that the building frenzy they created would overinflate the housing markets with people losing the shirts off their backs and thousand of contractors folding while in the end they get the houses and the all the construction equipment and all the land once held by developers. They are also the ones who are responsible for all those people being on welfare while they (banks) got bailed out and paid themselves bonuses for being asssholes of epic proportion.
The banks lost their asses as they put-up the vast majority of the cash on an over-inflated property.
Exactly how did they 'profit' from this?
Nope.
Yup
Of course there is blame to be shared. That doesn't change the fact that corporations got loads of cash from the taxpayers.
.. To bail-out the tax payers.
Why is this so hard for you to get?
LOL...re-read the quote. If you are going to quote me and try and make a smart-*** comment, maybe you should take the time to understand what you are quoting.
What you posted deserved that very comment.
Of course, everybody has their excuse....er...justifications for handouts.
.. Again, the tax payer... er... homeowner that assumed a mortgage that they couldn't service seemed to justify the risk in the first place... So, tell me, considering that the 'home owner' participated in the risks on this - mind you, didn't put up very much cash - yet positioned themselves to benefit, how is it that the home owner is absolved of any and all responsibility in your books?
Has octomom mismanaged millions of dollars?
Probably not that far off considering the equation that she will be on 'assistance' for decades to come let alone the Medicaid costs in the healthcare (and deliveries) of her vast brood of offspring
Look...I get it. Your fine with corporate bailouts but hate welfare moms. I truly do get it. My initial response was to a poster that seemed to indicate that corporate welfare did not exist. Even a conservative pretender like you has to at least acknowledge that it does. You do acknowledge that much?
Nope... You simply don't get it.