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While I think the widespread negative reaction to bailouts is generally uninformed, the interest rates on bank bailouts was ridiculously low. And from what I un
by MetalGuru 7y ago
While I think the widespread negative reaction to bailouts is generally uninformed, the interest rates on bank bailouts was ridiculously low. And from what I understand, banks spent it in self-serving ways like stock buybacks and fat executive bonuses. I mean, why wouldn’t they. Without oversight, their priority is to shareholders.
- golergka 7y agoIt's overall $100b profit over $700b investment: https://projects.propublica.org/bailout/ https://projects.propublica.org/bailout/ and that doesn't account for the positive effect it had on overall economy by reassuring everyone. I'd say it's not so low at all. And if you lend someone money and then he returns it back with interest, does it matter what he did with it?