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Ugh... The US Federal Gov was mostly paid back money that the US Federal Government loaned, which was a small fraction of the total bailout. My comment is not e
by wallace_f 9y ago
Ugh... The US Federal Gov was mostly paid back money that the US Federal Government loaned, which was a small fraction of the total bailout. My comment is not even about that. The comment is about a non-government entity, the US Federal Reserve. The banks have not "paid back" one cent of the 4 trillion dollars which was showered on them.
The fact that so many people could upvote this is a troubling signal of the misunderstanding and lack of awareness that exists even among educated, intelligent professionals.