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re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?

Posted on 5/15/17 at 9:21 pm to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 5/15/17 at 9:21 pm to
quote:

Big banks took our tax $, a
The banks were loaned money which they repaid at market interest rates which actually reduced the federal deficit.

A couple of the banks also issued stock warrants to the fed government (Citibank comes to mind) which the government eventually sold at a pretty good profit for taxpayers.
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 5/15/17 at 9:27 pm to
See, I didn't know any of this. See, to me, it seemed like they were just kicking the van down the road for another day. But, like I said, I don't really know much about it.
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