Kathryn & Robin
Region: US
Saturday 20 June 2026 11:01:18 GMT
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Horsegirlbyday📚🐍 :
I would offer that the 2008 recession never ended for a lot of people
2026-06-20 21:39:18
474
pickypirate :
Funny how teachers’ pay and infrastructure investment seemingly, never recovered, but cops and politicians have never made more.
2026-06-20 16:18:49
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valuethebluedot :
And Occupy Wall Street was our attempt to hold everyone accountable- but even Obama squashed that. It was an eyes wide shut from congress, senate, president!
2026-06-20 14:17:47
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Garrett :
The government shouldn’t have bailed them out. Should have let it all collapse. Bad precedent to say “we will bail you out if you gamble too much on derivatives”
2026-06-20 23:18:28
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Lee-Ahn-Druh :
started to shed jobs in 2008? the entire state of michigan basically went under in 06-07. mind you 2008 is just the year we FORCED the government to acknowledge the recession we had BEEN in for at least 2 years already
2026-06-22 09:31:25
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BiteSized :
Lehman brothers, AIG, Goldman- they were trading toxic assets for a fee. They don’t care what they’re trading because they got paid. They needed a bail out to continue their game. They paid bonuses out that year.
2026-06-21 02:13:34
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J_boogie :
I remember the 5 year ballon payments that so many people fell for….they were sold a dream of being a home owner for 5 years one rate then 25 years an astronomical rate doubled. And people lose their homes and banks get a bail out for causing it, and keep the properties from all the foreclosures. Such chaos.
2026-06-20 13:02:59
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Patrick :
Re: teacher pay, the GOP introduced Act 10 in WI in 2011, to break public sector employee unions, using the excuse of the financial crisis to say "We need to save money". It didn't save money, but it acted as a blueprint for similar measures around the country. The hangover from Act 10 continues to this day.
2026-06-20 16:16:05
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Jason Taylor :
A little over half of my retirement savings. And it took until 2 1/2 years ago to reach the point it was before the loss and now I’m faced with the same type of collapse again. I’m thinking of taking those assets out of cash paying off my mortgage and then owing myself a repayment.
2026-06-20 17:29:12
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Toby :
Can’t actually let capitalism run its course, ever. Can’t let republicans govern, ever.
2026-06-20 11:25:45
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chrisd61 :
yeah but I graduated in 2007.. and we saw issues starting in 2006. it was rough.
2026-06-21 17:14:23
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manwhale 🐋 :
i love the big short
2026-06-21 02:35:51
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Er’joe :
My quick 2008 takeaway: Making money is inversely proportional to the desire to investigate its source. Also, it was the first time that I realized that our system was both capitalism and socialism – i.e privatize the profit and socialize the risk. 😒
2026-06-20 12:16:24
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Bruce Van Deventer :
The problem with these explanations is why did the rest of the world also have a recession? If subprime mortgages in the US were the cause, why was the economy in a country like Turkey so adversely affected? I don’t think anyone really knows because recessions and most economic events are psychological.
2026-06-20 14:02:08
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BigAL :
Amazing that the financial institutions we nearly brought down by a less than 10% foreclosure rate. 90% of homeowners kept paying their mortgage.
2026-06-20 12:35:54
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JC :
I graduated college during that trying to be a teacher. My extended family just thought I was lazy and selfish. Those relationships never recovered.
2026-06-21 14:24:38
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Hope :
And now it is AI loans
2026-06-21 06:47:26
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johnjohn :
haven't heard the acronym TARP in ages, I haven't heard it since back then honestly and I was literally ten when this was happening
2026-06-20 19:17:21
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nealgoogs7 :
They should’ve let capitalism done its thing and let these banks failed. Now we are just kicking the can down the road
2026-06-20 22:55:09
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Alex :
I had a teaching job offer in 2021 for 39k with no room for negotiation.
2026-06-22 13:40:51
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Kelly McDowell Ward :
And now we have toddlers on our city council fighting over the school budget. There is a 40% attrition rate for teaching positions as the next generation decides that they can’t afford to teach and pay off student loans.
2026-06-20 12:36:00
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TiredDad33 :
Why didn’t they do anything for the little guy? Because the billionaires didn’t want them to.
2026-06-21 00:13:25
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wordsandsuch :
I hate republicans but it’s wild to see Dems in these comments make a lot of excuses for Obama
2026-06-20 21:42:10
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Peri Bathos :
This is why we need to elect socialists to office and not another Obama or Trump.
2026-06-20 23:48:44
5
JR :
Obama buckled and his rescue package was only half as big as it should have been
2026-06-20 14:12:02
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