In Reply to: That was way too many intelligence failures to be incidental posted by blindness on January 06, 2025 at 12:07:56
Re: the bailouts. I never understood why the money went to the lenders instead of the borrowers. To the borrowers would have been an administrative nightmare, but we both know that's not the reason the money went to the lenders.
I don't know enough about this to make the observation, but that never stopped me before. It's interesting that the response to the crash was to firehose money at lenders. But, the response during COVID was much more directed toward the little guy.