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Some people say insider trading is a victimless crime and that’s why it should be legal. Like most people with opinions, these people are completely wrong. Not only does insider trading have no victims, it actually helps people.
Originally posted by Praetorius
reply to post by woodwardjnr
Maybe someone could explain to me how this was a bad idea, but in my view, had we just either given all the TARP funds, etc., back to the people -OR- used it to pay off all mortgages directly (I believe I heard that the original 700 billion was enough to do this), the banks would have been taken care of, all homeowners with mortgages would now *own* their homes outright, that extra money they would no longer be spending on mortgages would be actually in their pockets and stimulating the economy, and we'd be a lot better off.
Instead, we have execs making big bucks, people underwater, a housing industry in crisis, a crippled economy, and hurting citizens.
I'm by no means an expert on any of this, but can someone with better knowledge let me know if I've missed something here? I think the money just went entirely the wrong way, forcing me to ask if this isn't by design...
If the above situations occurred, what would have been the chance for violence and civil unrest? Probably quite high.