Max Keiser explains how America has accepted “failure to be rewarded” by allowing our reckless banks to get bailouts in order to save themselves. It’s interesting how he uses an analogy about baseball. When you get 3 strikes you’re out! It’s scary that Americans didn’t stop congress and say “wait a minute, there has to be a better way!” What kind of message does that send?

Now there were certainly an assortment of reasons for the 2008 crash including the homeowners who bought houses that they really couldn’t afford but we can’t just reward the 1% banks without rewarding the rest of us. It was a scary time for the public especially having to listen to the media spread a lot of fear explaining that we needed to bailout the banks or else the economic system would collapse. No one will ever know know. What if we let the banks fail and allow some of the smaller responsible banks to buy pieces at a great deal. It may have been painful but maybe we would be healthier and on the road to prosperity by now.

You can learn more about Max Keiser by visiting his site