Glenn Greenwald ain't no Libertarian, Part 2: Wall Street

[joshcryer]

14. Libertarians would prosecute bankers behind faulty loans.

Because they were "bad loans." Technically they'd make the bankers "pay back the losses" (but because of the utter expanse of it, the tens of billions or so the bankers owned in capital vs the trillions in the bailout, it's immaterial, literally a rounding error), so their prosecutions would be swift. Hundreds of thousands of bankers, agents, robosigners, you name it, made to go into indentured servitude.

Meanwhile they would have absolutely allowed for millions of foreclosures, tens of thousands of banks to fail, etc, etc. No bailout whatsoever. Global great depression.

Here's how fantistical Libertarians viewed the subprime mortgage crisis (though the image of gulags I've made here isn't mentioned, of course, because I'm just extrapolating the underlying views): http://isites.harvard.edu/fs/docs/icb.topic150416.files/plmc.pdf

So, really, Greenwald's statements are not inconsistent with Libertarianism at all.