Re:GM closing all operations in Oshawa, Ontario: sources
by cryptonector on Monday November 26, 2018 @11:57AM
(#18534699)
Bailouts also use money that the government doesn't yet have.
In 2008 and its aftermath the U.S. ran up huge budget deficits, and the Federal Reserve for the first time monetized enormous amounts of debt. That was all money that the government did not have.
Besides, money is fungible. It doesn't matter if an entity has the money or can quickly raise it, especially if when it has the money it was already earmarked (or soon was going to be) for some other particular purposes.
In 2008 and its aftermath the U.S. ran up huge budget deficits, and the Federal Reserve for the first time monetized enormous amounts of debt. That was all money that the government did not have.
Besides, money is fungible. It doesn't matter if an entity has the money or can quickly raise it, especially if when it has the money it was already earmarked (or soon was going to be) for some other particular purposes.