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>If my tax money is being used to rescue a business, I want to either own a part of that business, or receive market-rate interest payments on it. Contrary to
by aeternum 7y ago
>If my tax money is being used to rescue a business, I want to either own a part of that business, or receive market-rate interest payments on it.
Contrary to popular belief, this did generally happen with the bank bailout:
But, the fact remains, due to interest, dividends and other revenue streams, the government has received more money back ($266.7 billion, according to the Treasury) than it handed out to banks under the bailout law ($245.2 billion). We rate this claim Mostly True.
https://www.politifact.com/factchecks/2012/oct/25/barack-obama/barack-obama-says-banks-paid-back-all-federal-bail/ https://www.politifact.com/factchecks/2012/oct/25/barack-oba...
- vkou 7y agoThe bank bailout lent money out at sweetheart, below-market rates. So, no, I was not happy with it. The government should have only stepped in to deal with a lack of liquidity, by providing appropriately priced loans - not to give out discounts.