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> I'm glad they were all saved. You are glad that rich execs play Heads they win and Tails they dont lose game at the expense of the taxpayer?
by sumedh 4y ago
> I'm glad they were all saved.
You are glad that rich execs play Heads they win and Tails they dont lose game at the expense of the taxpayer?
- CydeWeys 4y agoThis is not what happened to plane/automobile manufacturers. The banks, you could argue yes. But these were collateral damage.
- twblalock 4y agoTaxpayers aren't paying for this, and in 2008 the government actually made money on the bailouts, so taxpayers didn't pay for that either.
- TurkishPoptart 4y agoHow come this won't cause inflation? That hurts taxpayers.
- sumedh 4y agoThere was no guarantee that the govt will make money but there is a guarantee it creates a moral hazard. If you are a banker take excessive risks and enjoy the profits, if things go wrong, the govt will bail you out. Heads I win, Tails I dont lose. You also ignored that govt/Fed keeps printing more money, so the taxpayer ultimately loses with inflation.