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> 9. Did all the companies bailed out by taxpayers pay the money back? > Pretty much. The Treasury Department injected $412 billion into banks, carmakers and o

by Laaas 4y ago

> 9. Did all the companies bailed out by taxpayers pay the money back? > Pretty much. The Treasury Department injected $412 billion into banks, carmakers and other struggling companies through the Troubled Asset Relief Program, or TARP. As of the end of last year, it had collected everything it had paid out in bailout funds and then some, leaving the government with a profit of $12 billion. https://www.washingtonpost.com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html https://www.washingtonpost.com/business/economy/a-guide-to-t... (2018)

andrepd 4y ago
12/700 over 10 years is absolutely shit profit. If I go unemployed for a few months and can't pay my house [1], unfortunately there's nobody to bail me out. I'll lose the house and go homeless, notwithstanding the fact that I'd be willing to pay that 1.5% interest over 10 years for a liquidity bailout for myself during those times. Unfortunately I'm not too-big-to-fail. [1] Ironically, in the downturn caused by those very same companies we're talking about.