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>>Had they done what your are suggesting, the markets wouldn’t have reacted the way they did, the companies would have gone bankrupt under government mismanagem
by onetimemanytime 6y ago
>>Had they done what your are suggesting, the markets wouldn’t have reacted the way they did, the companies would have gone bankrupt under government mismanagement, the economy would have continued to crater, and not $1 of the money would have been recovered.
Nah. Keep the management, they run the business not owners. In fact give them raises and bonuses. It's not like managers had other employment options.
But either way, they did get a lifesaving bailout, regardless of the merits or whether US got their money back
- downandout 6y agothey did get a lifesaving bailout, regardless of the merits or whether US got their money back They did, and given the systemic importance of the companies that received this money, that was a gift not only to the companies, but to the entire economy. We wouldn’t have an economy today had they not done this. Today we are capable of giving away trillions with no hope of recovery in part because of what was done in 2008 - and it was done at no cost to taxpayers.