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You're not bailing out the bankers, you're bailing out the companies with money in the bank. The consequence is that otherwise healthy companies using the bank
by mindvirus 4y ago
You're not bailing out the bankers, you're bailing out the companies with money in the bank.
The consequence is that otherwise healthy companies using the bank can't make payroll, pay their vendors or their rent - which has cascading effects.
Worth noting the Treasury made a profit on the last bailout to the tune of ~$10 billion.
- xref 4y ago> Worth noting the Treasury made a profit on the last bailout to the tune of ~$10 billion. Absolutely untrue. the return on TARP funds was wildly below market returns so unadjusted numbers on paper look like “oh great a $10bil profit!” That’s like saying your savings account grew because the bank payed you 0.01% interest, while inflation ate 9% of your real value