Yes. Then the government would bail out the banks. The executives that authorised those loans would have to leave (with a huge severance) while the politicians who facilitated that rescue would end up on some well-paid advisory board.
The taxpayers, of course, foot the bill. Get a dollar, lose two.
Use it as collateral for loans, hand out that money, then disappear so he doesn’t have to pay those loans back
So the banks would pay the money?
Yes. Then the government would bail out the banks. The executives that authorised those loans would have to leave (with a huge severance) while the politicians who facilitated that rescue would end up on some well-paid advisory board.
The taxpayers, of course, foot the bill. Get a dollar, lose two.
This guy gets it