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"We stood behind Obama" no you didn't (slrpnk.net)

submitted 6 days ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 6 days ago

Like, especially the way the Obama administration bailed out banks, while not giving any support to home owners. Banks were allowed to fraudulently foreclose on homes and sell those homes for a profit later. It angered a lot of people and in some ways did lead to Trump's rise, and it's only like a decade later that those stories are being told and somewhat being reckoned with (and the democratic party is still deep in denial about that, Obama can not be criticised).

The way it should've been handled would've been:

nationalise the banks that are too big to fail, fire the executives responsible and prosecute if there's criminal wrongdoing
some temporary financial support for struggling home owners to get through the crash so they could actually stay in their homes

It would've been way cheaper than the throwing money at the failing banks.

But of course, the right wing media wasn't interested in substantial criticism, mainstream media didn't want to criticise wall street because they're increasingly owned by wall street, so the only place you'll find this is in 'fringe' independent left wing media.