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submitted 9 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] barneypiccolo@lemm.ee 10 points 9 months ago

My 25 year old son has talked about how many of his friends throughout school and college were devastated by the 2008 crash, and their families never fully recovered. We were one of those families. At the time, we lived in the county that had more foreclosures than anywhere else in the nation.

And yet there has hardly been any discussion of the extensive human damage that was done. Profitable businesses got bailed out, but nothing for people whose houses and vehicles were taken, credit ratings destroyed, jobs lost, etc.

[-] PunkRockSportsFan@fanaticus.social 4 points 9 months ago

They got revenge on those who intentionally crashed our economy dragging the corrupt bankers hedge fund managers and politicians responsible to the streets, stripping them naked and whipping them until they learned the lesson : The People will not abide their usury anymore.

Or did we just give them more of our money ?

I forget.

[-] FlexibleToast@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

Golden parachutes and not a single banker went to jail.

[-] dan1101@lemm.ee 0 points 9 months ago

Yeah I liked Obama but the bailouts were grade a bullshit.

[-] BeMoreCareful@lemmy.world 1 points 9 months ago
[-] barneypiccolo@lemm.ee 1 points 9 months ago

There wasn't a whole lot of difference.

[-] apfelwoiSchoppen@lemmy.world 3 points 9 months ago

In 2008 before the crash I was coerced into buying a house I couldn't afford by an ex. Back then, they would give mortgages to anyone with a pulse, and no that's not good. It should be good but in the context of that moment it was really really bad. After the crash the house went under water metaphorically and literally and totally ruined my life. Don't do things you don't want to do folks, trust your gut.

[-] Kolanaki@pawb.social 3 points 9 months ago

In 2008, I was spending 90% of my time playing TF2.

[-] Endymion_Mallorn@kbin.melroy.org 2 points 9 months ago

For me it's simple: I lost my planned career. I was going to be a librarian. The money to give me a scholarship dried up. So I pulled myself together, bopped through decent jobs for a decade or so, and now have a career.

[-] catloaf@lemm.ee 1 points 9 months ago

tl;dr: it didn't really affect them

[-] kinther@lemmy.world 1 points 9 months ago

I spent most of my time gaming and not going out. Frozen pizzas, top ramen, bulk stuff to keep costs down.

[-] Opinionhaver@feddit.uk 0 points 9 months ago

Is the answer that their parents paid for all of it as is the case for most people under 18?

[-] socsa@piefed.social 0 points 9 months ago* (last edited 9 months ago)

Millennials start in 1984. About half of the generation was over 18 in 2008.

[-] BrattiAtti@reddthat.com 1 points 9 months ago

Milennial generation is typically defined as 1981-1996, according to a quick web search. As an '82 baby, I was working a full-time grunt job making $6.50/hr with zero benefits, trying to fake empathy as my bosses (the company owners) lamented the absolute devastation of their '84 baby boy's loss of most of his retirement.

Cry me a fucking river, assholes. He's an engineer with 40ish years of career ahead of him. He'll be fine.

this post was submitted on 18 Apr 2025
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