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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 5/16/17 at 7:41 am to
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 5/16/17 at 7:41 am to
The govt MADE MONEY on the bank bailout. Each bank that they lended money to paid it back on time in full. I typically wouldn't agree with measures like this but it made perfect sense and saved our economy.
Posted by bamafan1001
Member since Jun 2011
15783 posts
Posted on 5/16/17 at 8:23 am to
yes
Posted by MLCLyons
Member since Nov 2012
4711 posts
Posted on 5/16/17 at 10:17 am to
quote:

Seems to me that a lot of tax paying dollars went into bailing out the banks


Bailout isn't really correct, they were more like loans. The government recouped every dollar and made roughly $15billion in profit. There was collateral in the form of equity in the companies receiving money. Once the payments were made and the stock was sold it worked out well.
Posted by Dave lsu 89
B.R,/ Houston
Member since Jun 2016
3879 posts
Posted on 5/16/17 at 10:35 am to
YES
Posted by Dave lsu 89
B.R,/ Houston
Member since Jun 2016
3879 posts
Posted on 5/16/17 at 10:37 am to
Same with Auto Industry, would have allowed them to write new contracts instead of folks sitting at Union halls still getting paid!
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 5/16/17 at 10:38 am to
the banking industry is the biggest shite show we have going, but I don't think you can really point out any industry that hasn't gone the shitter as a result of deregulation
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