3 ms·
Taxpayers aren’t footing the bill. Even if the transaction turns out to be cash-neutral for the government - or even provides a small profit, as with TARP - it
by lisasays 4y ago
Taxpayers aren’t footing the bill.
Even if the transaction turns out to be cash-neutral for the government - or even provides a small profit, as with TARP - it is still providing very considerable resources in the form of liquidity, coercive muscle - and sheer gravitas.
It’s not meaningfully a bailout.
Tomato, Tomah-to.
In the same ways as if you go driving cross country with inadequate money in the bank (and inadequate insurance), and then have a major breakdown -- forcing you to ask your parents or your friends to wire you money -- they are unambiguously bailing your sorry ass out, even you promise to sell your precious vinyl collection that pay them back, once you get home.