3 ms·

Didn't the public get paid back, plus extra, after bailing out the banks?

• garry 4y ago
  https://www.cbo.gov/publication/57341 https://www.cbo.gov/publication/57341
  • slowmovintarget 4y ago
    So the punchline is that while most of it (~85%) was paid back, the program wrote off $66 Billion as a loss.
• deleted 4y ago
  [deleted]
• TuringNYC 4y ago
  >> Didn't the public get paid back, plus extra, after bailing out the banks? To be totally factual, while the public did get paid back, part of the reason is that the Fed started printing money and buying bonds way above asking price to move the market. If you do this enough, prices naturally correct because everyone knows there is a buyer at a certain price and a floor price. The downside is, well, all the printed money.
  • somewhereoutth 4y ago
    Which inevitably leads to inflation, requiring interest rate hikes to fix - and here we are.