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In 2009 the TARP program was the US Government buying shares of high-finance companies that were about to go bankrupt --- using taxpayer dollars. So now the A
by goobergoo 5y ago
In 2009 the TARP program was the US Government buying shares of high-finance companies that were about to go bankrupt --- using taxpayer dollars. So now the American taxpayers own Lehman Brothers, Bear Stearns, and AIG? No, it didn't really work out that way, did it.
Also, the number of people who were paying a $300,000 mortgage for a house that was only worth $180,000 was incredibly high.
Hope somebody can come up with a list of ways that a dramatic crypto crash will cause harm to US taxpayers --- again.
- kordlessagain 5y agoThe way a crash will happen is the same way other software failures occur: just give it Time.
- missedthecue 5y agoTARP didn't buy shares. They loaned money and charged an interest rate.