Regulators Move to Ease Post-Crisis Oversight of Wall Street

Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by onlyrealcuzzo on Thursday March 07, 2019 @04:53PM (#19332900)

This is a classic example of using the truth to tell a lie.

The banks did repay their loans, this is true.

They also got to take HUGE risks without having to bear the risk, yet they got to capture the entire reward.

The government didn't charge the big banks a multi-trillion dollar tax for taking on the risk of doing TARP.

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Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by kickopotomus on Thursday March 07, 2019 @05:31PM (#19333240)

But this is also not entirely true. Banks did not know they were taking a huge risk. They did not understand how leveraged they actually were because securitized mortgages were being misrepresented by credit rating agencies[0].

The entire purpose of TARP was to prevent a depression. It was meant to be a stopgap.

[0] https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the...

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