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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 10:17 am to TigerFanInSouthland
Posted on 5/16/17 at 10:17 am to TigerFanInSouthland
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.
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