Weatherman2020
Diamond Member
Why are Democrats working so hard to get Trump elected again? Itās only 2019, throttle back!
There are dumb ideas and then thereās whatever this is.
Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of ānon-profit banking servicesā done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.
* * * * * * * *
Handing out loans to high credit risks is how you get a crash like we had in 2008.
Yet, hereās AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. Thatās the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? Itās completely insane.
AOC and Bernie Have a Brilliant New Idea for Banking
There are dumb ideas and then thereās whatever this is.
Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of ānon-profit banking servicesā done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.
* * * * * * * *
Handing out loans to high credit risks is how you get a crash like we had in 2008.
Yet, hereās AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. Thatās the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? Itās completely insane.
AOC and Bernie Have a Brilliant New Idea for Banking