I was there during the crypto-bubble, the housing market bubble, but I don’t have any memory of the internet/dotcom bubble, and I was not alive during the rail-road bubble.
However, I want to know what the thoughts of the people were during that time. During AI, that fact that it’s a bubble is more apparent but during the housing and dotcom, I feel like it was more subtle (or I am too naive).
Does anyone have any personal experience of what it was like at that time? Were people as skeptical as they are today? What were they right/wrong about? Were the attitudes different? What changed after the crash?
No.
We’re not giving Obama credit for token gestures here. He had a supermajority and could have enacted meaningful reforms, but he didn’t.
Everyone involved in the subprime mortgage crisis walked and under Obama were still paying bonuses to themselves with taxpayer’s money, all while the foreclosure crisis ravaged the American people.
I do not care that the crisis originated under Bush. I care that Obama knew how bad it was and allowed people to become impoverished further while Wall Street partied with our money.
My reply was only about the bailout, nothing else you mentioned. I agree completely that these asshots shouldn’t have went free, and didn’t lose their fortunes they built off the backs of us.
I’m just not happy that the missinformation about Obama and the bailouts is still going strong this long after
For his faults, Biden accomplished a lot with a very small majority in the Senate and House.
Obama really wasted a huge opportunity to change the country with his huge majorities.