Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Iceland Was Right, We Were Wrong: The IMF [View all]cprise
(8,445 posts)47. I completely agree
And I don't wish my initial reply to be taken as an indication that the financial sector deserves preferential treatment. The bank bail-outs were needed, but the whole plan was executed in the wrong way leaving the average person largely out in the cold.
Many of the other responses here ironically fall into the trap of bolstering Tea Party economic reasoning (against bail outs) out of simple anti-rich vindictiveness. Its OK to feel vindictive under the circumstances, but the kneejerk that goes along with it won't help us. Telling the rich to "jump" is more constructive than that.
Edit history
Please sign in to view edit histories.
67 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
And how many people were screaming that bailing out these parasites without extracting huge
Egalitarian Thug
Aug 2012
#11
I do not believe that the world would have ended had there been a reasonable bank and market
amandabeech
Aug 2012
#61
Assisting responsible homeowners with their house payments wouldn't have created a run on the banks
Blanks
Aug 2012
#44
Probably at the annual Third Way Anti-Social Justice Movement convention on K St.
Zorra
Aug 2012
#25
Even more precisely, Iceland was wrong.. like us.. FIRSt, then fixed it.
progressivebydesign
Aug 2012
#36
As I recall, no one said a meltdown was impossible, because no one saw it coming.
Honeycombe8
Aug 2012
#67
The need for a banking system is not the same as the need for the current cast or SOP
TheKentuckian
Aug 2012
#57