7 ms·

You realize bailouts are loans, right? They aren't just free money.

• jampekka 3y ago
  There were many forms of bailout for Citibank (and others). Some were (extremely favorably termed) loans, some government backing of their bad assets and some were buying stock that the market didn't want to touch. May or may not be technically free money, but for sure Citibank doesn't hand out loans to bankrupt customers on such terms. The gov could have e.g. let Citibank go bankrupt and just take it for free. Like banks do to their customers.