Robin Williams explains the 2008 banking crisis

3/27/2023

He was on Charlie Rose.

He says:
"They acted like some junkie."

"Listen, man. I just need som eliquidity. I just ran into some bad sub prime, you know. We just had complex formulas. We just didn't factor in greed and panic, you know. I just need 800 and five billion dollars by Tuesday. I wouldn't screw you again."

He ends, "I just need 2.5 trillion dollars. I'll pay you back."

See full video here:
https://twitter.com/unusual_whales/status/1640066336654082051

A recent poll by Reuters/Ipsos, interviewing 1,004 people nationwide and conducted online, found that 84% of Americans don't think taxpayers should have to pay for settling banking problems, specifically when caused by management failure.

The majority of participants, both Republicans, and Democrats, voted that taxpayers shouldn't be responsible for bailing out banks, specifically when the reason for their failure was because of bad management.

The poll stretched for two days and found that only 49% of Americans were okay with financial institutions being bailed out by the government. The vote got 40% from Republicans and 55% from Democrats.

Read more: https://unusualwhales.com/news/survey-finds-that-americans-dont-think-taxpayers-should-resolve-bank-problems

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