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>and the very wealthy often mitigate their risk by pushing it onto the government. No they don't. Not even in the wall-street bailouts did shareholders get mon
by pathseeker 7y ago
>and the very wealthy often mitigate their risk by pushing it onto the government.
No they don't. Not even in the wall-street bailouts did shareholders get money from the government.
- dv_dt 7y agoBanks were bailed out by quantitative easing to the tune of $4+T, so at the very least, one can draw a direct line from that government bailout from banks to bank stock shareholders. Just to review: QE bought risky Mortgage backed securities off of banks and finance companies completely absolving them of carrying the negative effects of their bad investments...