Suggestion Best Posts in Thread: Speculation: The NEXT peril?

Well, we know what to expect from any financial drama, at least in America. The taxpayer will pony up and foot the bill for the speculation of the rich because they're just too big to fail. Imagine being unable to buy a home because some "property" company was snapping up houses at ridiculous prices, they can't make a return on their investment, and file bankruptcy. The banks can't afford it, so the government bails them out with tax dollars that you paid into. Oh wait, we don't need to imagine.

 

Has not N. Korea done just that? What economic advantages to the people there have - food being the biggest need of all. They are kept in place by propaganda and fear (of the gun).

 

The US government allowed Lehman Brothers to fail and that is regarded as the spark causing the 2008 financial crisis - the 'too big to fail' paradigm may actually be true.

The UK government bailed everyone out and then let the failed bankers (in banks which the UK taxpayer owned) to receive obscene bonuses on top of their obscene salaries. Some probably received Honours. But pity the person who evades small taxes or makes a minor infringement of a benefit claim - no bonuses, no Honours, just the weight of the criminal injustice system.