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this post was submitted on 18 Dec 2023
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So the banks basically paid a .6% interest rate on a $426b loan? I'd say they got the better end of the deal.
I'd hardly call the safeguarding of an establishment that has, and continues to, provide predatory services to the American people a resounding success. At best its a minor victory of the shareholders of the banks.
Change is painful. But is quickly painful, like the setting of a broken bone. As it stands we have the aching pain of an improperly healed bone, as these institutions continue to break them unabated. Are we meant to thank them for the privilege?
I think not. I'd rather we fix the root cause of the problem and see a little short term pain than to maintain the status quo of slower more enduring suffering.