Save the banks....SAVE THE BANKS!!!!! /CONgress
How many more ways can the craven criminals on Capitol Hill bail out their banksta partners in crime on the backs of US taxpayers? Bail-ins, bail-outs, ZIRP, NIRP...DERP.
The economy will never improve until this cancerous debt is liquidated.
All of the bad mortgage debt must be liquidated, whether via foreclosure or bankruptcy
. Banks holding substantial mortgages or mortgage backed assets must face the music and adjust their balance sheets to reflect today’s reality. Undoubtedly this will force many banks into immediate insolvency, but such banks must be allowed to fail without receiving another nickel of taxpayer money. Banks took the risks and made money during the bubble years; those who exercised