Will we ever finish paying for the GFC?
When will we be finished paying for the Global Financial Crisis? Or, more to the point, when will our children and their children be finished paying? I’m not sure what the answer is, but I imagine it will be a long time in the future. When the finance industry detonated the world economy back in the noughties, we were immediately told that the institutions and corporations who made this happen had to be bailed out. This was because they were “too big to fail”. While it was true that it was all their fault, and that…