There should have been a nationwide pause on foreclosures like was done during the pandemic. Review the loans, refinance to reasonable levels. Revalue houses where prudent, fix predatory loans and fuck those banks that sold them.
And instead of giving banks a trillion dollars we could have spent that on a universal basic income that would have been up to the individuals to spend. Like any other income.
The big argument for bank bailouts was that the payroll system would collapse. A UBI could have made it at least not dire.
Sorry should be a been more clear.
There should have been a nationwide pause on foreclosures like was done during the pandemic. Review the loans, refinance to reasonable levels. Revalue houses where prudent, fix predatory loans and fuck those banks that sold them.
And instead of giving banks a trillion dollars we could have spent that on a universal basic income that would have been up to the individuals to spend. Like any other income.
The big argument for bank bailouts was that the payroll system would collapse. A UBI could have made it at least not dire.