3 ms·
> Note that the bailout money wasn't simply gifted with no strings, it was leant and paid back with a profit to the tax payer. I can't comment if this is true
by swarnie_ 8y ago
> Note that the bailout money wasn't simply gifted with no strings, it was leant and paid back with a profit to the tax payer.
I can't comment if this is true in America but in the UK we've been selling off bailed out assets at a loss. Sales seem to be timed for political points not to maximize profit.
- tonyedgecombe 8y agoNot much, we dumped Lloyds because it was profitable, we can't let go of RBS because we will make a loss. This is loss aversion on a nationwide scale.