Seems like there were these incredibly wealthy banks and real estate corporations which had amazingly cushy business positions charging interest and fees on mortgages and credit card debts, and they got more and more crazy enticing people who wanted homes into credit deals they couldn’t really afford, to make as much money as possible, to the point where it blew up in their faces when it turns out many people couldn’t afford all the loans they had extended, and these huge greedy corporations themselves suddenly found they had overextended themselves so far that they couldn’t swap money around fast enough to keep their agreements. So, the companies that so righteously had been punishing people who overextended themselves and failed to pay bills on time, threatening them with foreclosures and bullying collection agencies, found themselves in a very similar situation, but on an enormous scale. And the solution politicians and economists seem to be trying, is taking enormous amounts of money from taxpayers to bail out these mega-greedy businesses. Not exactly fair, it seems to me. And overall, I think the previous systems of credit and real estate business and interest charges and fees in general was exploitative and causing a lot of suffering and should be massively reformed, and that the companies that had been exploiting it should not be bailed out by the people.
I think it’s time for the “quantum leap in economics” SeventhSense suggested.