Does the USA need a perestroika?

[Kasz216]

ckmlb said:

Sqrl said:

ckmlb said:

Kasz216 said:

Not really.  Not when we had billions in government spent funds that could of been given specifically been used for nonprofit loans.

Not to mention that dozens if not hundreds of banks popped up during this crisis.

Just because the money lost at the bigger banks was a much larger amount, it doesn't forgive the crimes of smaller banks and the problem was not a few people running big banks, but a much larger part of society.

What crimes did the smaller banks commit exactly?  I want to make sure I understand what your argument is rather than assume anything.

Maybe crime was the wrong word to use, more like mistakes that contributed to the economic problems and the problems banks are facing now, pushing loans that were too risky thus resulting in problems for the banks themselves and the people who accepted the loans. In my opinion pushing subprime loans should be a crime, but I don't think it is legally.

Really what's funny is, this is an exact case of that "Bad legislation vs terrorism" thing.