4 ms·

Then it was a bondholder bailout. Many bondholders should have lost a lot but came away mostly unscarred..

• hx87 10y ago
  Above all it was a managerial bailout. The people who made the actual decisions that led to the crisis made it out fine, as long as their company was lucky enough to be bailed out.
• lintiness 10y ago
  and the entire planet is better for it. any idea how much worse things would have gotten if regulators (bernanke, paulson) hadn't drawn a line in the sand somewhere? those guys are heroes; they go down as the best treasury secretary and fed chair in history.
  • maxxxxx 10y ago
    The guys that didn't see the financial crisis right in front of them?
    • adventured 10y ago
      Far worse than that: Bernanke publicly proclaimed over and over for years that there was nothing to worry about. Almost right up to the point of collapse, he was saying that the risk of a bad recession or large housing implosion were very low.