Grayox@lemmy.ml to Memes@lemmy.ml · 8 months agoBeautifullemmy.mlimagemessage-square125fedilinkarrow-up1836arrow-down150
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minus-squareBye@lemmy.worldlinkfedilinkarrow-up6arrow-down6·8 months agoThe bailouts were loans. The us govt got that money back. Those banks should have been punished though, allowed to fail.
minus-squareEnsign_Crab@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·8 months agoThey didn’t know that they would get the money back at the time.
minus-squareexplodicle@local106.comlinkfedilinkEnglisharrow-up1·8 months agoYes, the private sector did have enough capital to cover those loans. The public sector did it because it was a bad investment when you count opportunity cost.
The bailouts were loans. The us govt got that money back.
Those banks should have been punished though, allowed to fail.
They didn’t know that they would get the money back at the time.
Yes, the private sector did have enough capital to cover those loans. The public sector did it because it was a bad investment when you count opportunity cost.
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