The #USA's racist #history says this image from 1936 in #Michigan is bad
But what's happening is good
A #bank has foreclosed on a #farmer and put their #farm up for #auction. Neighbors would come to bid penny amounts, then return the farm to its original owner
It was called a #pennyAuction
The nooses are a threat to high bidders. Others roam the crowd with axe handles
#Community looking out for each other against #financial #predation #corporate #greed
We lost this as a country
#MutualAid
So you would say someone who is loosing their money for bad decisions should be protected from loosing their goods?
May there is some story behind needed. Because when one person accepts depts I think they accepted to pay them back.
Where we may find common ground could be in rules for bankers. I think a Bank should not get treated different then any other legal entity. When a Bank would be treated the same way as a car producer, a Farmer or a Farma company, probably economy would be more balanced.
I see the problem in their unique possibility to being able to lend more mony then what they have. A bank worth a Million can give out may 10 Millions of depts. But when a construction company is worth 1 Million they could not buy a similar amount. They can only possess goods that are within these 1 Million. How is this fair?
