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That's a completely different and opposite point to "the government made money on the bailouts, actually." > (assuming it doesn't cause bigger problems down th
by AndrewBissell 7y ago
That's a completely different and opposite point to "the government made money on the bailouts, actually."
> (assuming it doesn't cause bigger problems down the line)
We're dealing with those bigger problems now, today. The moral hazard created by the 2008/2009 bailouts is a big part of why executives could leverage their companies to buy back stock throughout the 2010s with confidence they would pay no personal price if it ended in tears.
- ComputerGuru 7y agoThat’s “it made money on top of everything else, even though that wasn’t even the point,” meaning any money made is a bonus.