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All major banks paid back all those loans with interest. That was actually net income for governments that lended those money. Who really lost money directly we
by jajko 2y ago
All major banks paid back all those loans with interest. That was actually net income for governments that lended those money. Who really lost money directly were all those speculators who had 10 mortgages on them and just kept taking more and more.
Look, I am all for hatin' the big man when he deserves it and he often does, but lets be a bit smart and not just throw random angry spits without checking the facts, shall we?
Do you even realize that during covid globally money lost some 20-30% of their purchasing power? That's real burning cash of regular folks right in front of you and everybody else.
- timewizard 2y ago[flagged]
- jajko 2y agoNot sure why the personal attacks, I believe you can and should do better. Also please stop incorrect claims about what I am doing. Also you switch goalposts, I've reacted to parent's claims and not ones you are making up as you go. And so on.
- vkou 2y agoWhether they deserved the loans or not is irrelevant to whether the loans were paid back. Which they were, I'm not sure why people keep repeating the lie that they didn't.
- pjmlp 2y agoNo they didn't, some of them went bankrupt anyway, while others used that money in corruption schemes, which is why in Portugal many people nowadays avoid any kind of offers their bank advisors propose.