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That logic has a few holes in it. Being bailed out by an entity that was bailed out by the government does not make you bailed out by the government.
by eloff 5y ago
That logic has a few holes in it. Being bailed out by an entity that was bailed out by the government does not make you bailed out by the government.
- endisneigh 5y agoWhy not? Are they not bailed out indirectly?
- eloff 5y agoNo. That's not taxpayer money anymore. If you buy a car at a dealership and they take that money and donate it to ISIS, did you just support terrorism? No, the dealer did. You only bought a car.
- endisneigh 5y agoWe'll have to agree to disagree on this one. Personally, if I give you a dollar and you give that dollar to someone else, I'd say that I had indirectly given the final person a dollar.
- eloff 5y agoIt's indirect. So that doesn't make it a bailout anymore.
- endisneigh 5y agoThat's not what bailout means... The direct or indirectness of the money flow is unrelated to whether or not something is a bailout.
- eloff 5y agoA bailout is a discrete event. It happened, it's over. Citadel still exists as a company thanks to the AG bailout. That does not mean everything citadel ever buys is now a government bailout. That's just silly.
- deleted 5y ago[deleted]