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It didn’t seem probable at the time, but the taxpayer did pretty well with all the bailouts in 2008.

• bagels 4y ago
  Of banks or of auto manufacturers?
  • somsak2 4y ago
    The government made quite a bit of money in profit overall. Auto manufacturers were <15% of the total amount. https://projects.propublica.org/bailout/ https://projects.propublica.org/bailout/
    • Scoundreller 4y ago
      Did they? Making a 17% return over 13 years on the riskiest “investments” imaginable (think: injections that the market said “fuck no!” to) is an atrocious return, and a net loss after accounting for inflation. It’s a bit unclear because some of those loans were paid back years ago, but even if it works out to be over 6 or 7 years, it’s still pretty bad. Gov should have juiced its returns by requiring 100% equity wipeouts in exchange for gov’s ultra-high-risk loans/investments.