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You left off an extremely relevant detail from your quote: "... annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation"
by ZephyrBlu 6y ago
You left off an extremely relevant detail from your quote: "... annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation"
- downandout 6y ago“Perhaps” isn’t a data point - it’s speculation, and is thus irrelevant. The money was recovered at a $15.3 billion profit. If they had included a number and a reference to the data backing up their guess that “perhaps” it might have been a tiny inflation-adjusted loss, I would have included it. I’m not sure what your point in bringing it up is either. The point is that the bailouts were fully recovered, and that is undisputed. HN loves its pedantry, but there is little value to this particular incarnation of it.
- imtringued 6y agoIf interest payments were the only thing getting bailed out people wouldn't be angry over it.
- downandout 6y agoWell, they shouldn’t be angry at all, because they got a $15 billion profit. People are a bit too tough to please if that makes them angry, especially in light of the fact that we will be paying for the most recent stimulus packages for generations, and they seem to have public support.