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What socialized loss are you talking about? This seems like TARP, which was a huge gain for taxpayers.
by flappyeagle 4y ago
What socialized loss are you talking about? This seems like TARP, which was a huge gain for taxpayers.
- nocoiner 4y agoTARP did turn a profit, but there was no guarantee that the US treasury wasn’t going to take a loss on it. Now, if these companies are willing to sign over warrants for 79.99% of the equity (like the banks did)… well, maybe there’s something to discuss. But otherwise reaping the rewards of capitalism while declining to take its risks - nah, I don’t think so.
- Vt71fcAqt7 4y agoI think by "capitalism" you mean "free market" but yeah there is a massive difference between giving loans to massive banks, the larger of which were not going to fail anyway except Morgan Stanley, and giving money to small companies that can potentialy lose all of it (AKA the "start up" business model).
- deleted 4y ago[deleted]