Re:A million-dollar brownstone that no one owned
by lotsofpulp on Tuesday August 21, 2018 @08:25PM
(#17815101)
It's the same thing. Warren Buffett got a great deal, Blackstone got great deals, anyone with cash at the time got better returns (equity) than taxpayers. Why shouldn't the taxpayers have been similarly rewarded?
The taxpayers did not lose money in the bailouts . . . they didn't get acceptable risk-adjusted returns, but they didn't lose money.