I think it’s a silly idea. Instead, put a few CEOs and hedge fund managers in gaol: that is where the accountability for this current mess lies.
Might I suggest Greenspan and Bernanke. Paulson would fit in nicely as well.
“Instead, put a few CEOs and hedge fund managers in gaol: that is where the accountability for this current mess lies.”
Wrong!
On mortgages, Congress forcing banks to loan to deadbeats and the people that signed mortgage papers without a large down payment and income short of the ability to pay are at fault!
Any idiot that uses a credit card and doesn’t have the ability to pay the full bill should be taklen to the cleaners!
Debtors prison is a good idea.
CEOs and hedge fund managers didn't create the CRA. They didn't leave interest rates too low for too long. They only figured out how to turn those 2 bad ideas into money (for a while).