we bailed out the companies who wrecked the economy but didn't have them forgive any debts or made sure people still had homes

exactly

government should not be in the marketplace

no more regulation and power

no more being run by the billionaires

The Fed definitely made things worse by keeping interest rates high for an extended period of time in the hopes of combating inflation, but to suggest that the crisis was a direct result of an action taken by the Fed is purely unsubstantiated.

I think the state could have negotiated to make sure the banks were still operational but not leave the common folks in the cold still in debt and lacking homes

the fed had much more to do with it

people were predicting the crisis years before it happened

I guess I just think people should have housing no matter there level of income

*their

they were basing it off the fed's interest rates

they wanted to stimulate the housing market

so they tried stimulating the housing market

they ended up stimulating the housing market too much

then pop

I am not sure markets are the best way to make sure people get what they need, maybe what they want but not what they need

markets are the only way people can get what they need

without markets, you must either make your own food daily or have the government feed you

and the government will not feed you, you can bet on that

hasn't the state provided goods and services in the past and made sure the it was based on need over wealth?

well, they have provided goods

what about healthcare many modern western nations have universal healthcare

however, every time a government does this for a certain sector of the market, it ends up doing a worse job than the private sector

The subprime mortgage crises contributed to the recession, yes. Subprime lending and speculation were major factors. What preceded the crisis was a housing bubble financed with mortgage-backed securities and collaterized debt obligations which initially had higher interest rates than government securities.

no matter how good it may sound, giving the government power over some market always makes it worse

needed medical care is run by the state, luxury medical care like cosmetic surgery is a private affair

well yes, and the fed stimulated that bubble

if healthcare was left up to the private sector, that will lead to competition, which means = higher quality care and lower prices

in the long term it will be beneficial

moving from government to private is always a rough transition in the short term

I wouldn't be so against tmarkets and private sector if distribution of goods and services weren't solely based on income and were based on need

well that is the thing

that may be the case, but the government can't provide for peoples' needs

it's impossible

you've seen it tried in the ussr

then what happened

food shortages

starvation

bread lines

not just in the ussr