4 ms·
>The US government made $15B from the 2008 bailouts. if we ignore the hundreds (at least) of billions $$$ that the fed created and flooded the world economy wi
by subsistence234 4y ago
>The US government made $15B from the 2008 bailouts.
if we ignore the hundreds (at least) of billions $$$ that the fed created and flooded the world economy with, in order to make that $15B "win" possible.
of course it was mostly non-Americans who ate the gigantic costs, thanks to the dollar's unique status as world reserve currency. but that just makes it worse, from a moral hazard POV.