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“ Of course that magic doesn't actually exist.” Yeah, like I said, this is the disconnect. Assume for a moment that magic does exist. Maybe aliens come to Ear
by fwlr 4y ago
“ Of course that magic doesn't actually exist.”
Yeah, like I said, this is the disconnect. Assume for a moment that magic does exist. Maybe aliens come to Earth and hands the government a stack of gold from outside the solar system worth exactly that much, which the government uses to pay for the bank’s issues and nothing else, and then the aliens leave promising to never return. If that happens, it didn’t cost taxpayers anything, so it can’t be called a bailout, since bailouts necessarily cost the taxpayers. Except in another sense it is obviously a bailout, the aliens literally flew in from outer space and bailed out the bank and the government.
So a bank bailout is when an outside party pays to solve the issue, and a bailout is also when taxpayers foot the bill. If taxpayers do not foot the bill for SVB in any appreciable way, is it a bailout?
- sanderjd 4y agoYep, as you said in the last sentence of your (pretty silly) hypothetical, the bank and the government were bailed out.