Quote Originally Posted by Gandalf View Post
I feel a bit puritanical in that sense. I kind of want all the bad actors and people who have borrowed badly to drown. The current environment does not help people who have done the right things. For instance low interest rates have meant old people who relied on savings get screwed while some yuppie is able to borrow cheaply to pay for a big house or get an SUV he hasn't got the cash for.

Maybe the Fed needs to be disolved. Let the market itself be the judge because QE, manipulated rates etc is a form of financial fascism. The banks fail, then let them fail. he Fed is their insurance, not ours.
I agree in part. I’m reading the sept economist and it talks about the rigged market. The fed was way to easy with the banks leading up to the crash. However, with the crash, the big boys, except Lehman brothers, did just fine. It was the normies with 401k and moderate investments who get screwed with 0 bailouts. People are just trying to live and get a little bit ahead for retirement. I don’t wish bad on any of them.