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Not that I agree with bail-outs, but 2008 financial crisis that resulted in a number of bail outs actually netted the treasury a profit. > In total, U.S. gover
by bko 1y ago
Not that I agree with bail-outs, but 2008 financial crisis that resulted in a number of bail outs actually netted the treasury a profit.
> In total, U.S. government economic bailouts related to the 2008 financial crisis had federal outflows (expenditures, loans, and investments) of $633.6 billion and inflows (funds returned to the Treasury as interest, dividends, fees, or stock warrant repurchases) of $754.8 billion, for a net profit of $121 billion
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
- gizajob 1y agoI don’t think that really counts if there has to be a giant campaign of quantitive easing by printing dollars alongside.
- gonzopancho 1y agoWe had that in 2020
- frollogaston 1y agoWas going to say, gotta check first how long that money was tied up for the profits to really mean anything. How well would that investment have done vs index funds or gold? Or what if you adjusted all dollars for supply?
- azinman2 1y agoThe gov doesn’t invest in index funds or gold or in any traditional investor way outside of spurring growth.
- freeopinion 1y agoWas that profit diverted from companies that were better managed and didn't get a bailout? We can see who won. Who lost? And why is the government deciding winners and losers? Why especially when the government is one of those winners?
- JumpCrisscross 1y agoTo be clear, that bailout was passed by the Congress. This is a new phase of the President gets to just bail out anyone.
- IshKebab 1y agoWhat do you mean? This action means Trump has removed a bailout. They were going to just give Intel a chunk of money. Now they aren't.
- deleted 1y ago[deleted]