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Until they aren't. Sometimes banks fail, and then taxpayers seem to be on the hook to bail them out: SVB, the 2008 meltdown, the Savings and Loan scandal, etc.
by shiroiuma 3y ago
Until they aren't. Sometimes banks fail, and then taxpayers seem to be on the hook to bail them out: SVB, the 2008 meltdown, the Savings and Loan scandal, etc.
- s1artibartfast 3y agoSimple solution is to stop bailing out banks. At least the taxpayers werent on the hook for SVB, Other banks paid for that one via insurance. That said, we havent had a leveraged-buyout bailout yet, so the larger point is still accurate. These deals are profitable.