General Discussion
In reply to the discussion: Iceland jails crooked Banksters, Sells-off Banks, doles out kr 30,000 to each citizen w/ proceeds. [View all]A HERETIC I AM
(24,876 posts)Uninformed ones are a good start.
It is critically important to remember what it was that was about to push the economy into the abyss back then; Banks stopped lending to each other.
Period.
If you think that is no big deal then you don't understand how complex the banking system is and how it is tied into the daily operation of business in the USA.
Please tell me how just giving a trillion dollars AWAY (Because that's NOT what happened. They didn't back dumptrucks full of cash up to the back doors of B of A and Citibank and just say "Here ya go! Enjoy!"
would have gotten the banks to start lending to each other again.
As far as What Alaskans do with their annual check, who bloody cares? It has NOTHING to do with what happened in late 2008/early '09 and in no way can relate to the bank "bailout"