Re:Why Aren’t Any Bankers in Prison for Causing the Financia...
by throwaway613834 on Saturday December 16, 2017 @03:50PM
(#15942013)
> For $3 trillion less than bailout, we could have paid off every U.S. mortgage!
I seem to recall the "bailout" was a purchase of bank assets (including stocks, etc.) which was subsequently repaid as the market healed. Which sounds more like lending money rather than giving it away.
Is that correct? And if so, how is that similar to paying off mortgages?
I seem to recall the "bailout" was a purchase of bank assets (including stocks, etc.) which was subsequently repaid as the market healed. Which sounds more like lending money rather than giving it away.
Is that correct? And if so, how is that similar to paying off mortgages?