Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by paulpauper on Tuesday August 24, 2021 @04:00PM
(#28294161)
but income taxes have continued to fall in spite of such bailouts, suggesting that no one actually had to pay for it. It was not anyone's money but rather printed off with 0 percent yielding bonds. The huge post-2009 bull market and economic expansion in hindsight makes the bailouts one of the most successful govt. programs ever even if maligned.
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Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by TuringNYC on Tuesday August 24, 2021 @08:57PM
(#28296906)
>> but income taxes have continued to fall in spite of such bailouts, suggesting that no one actually had to pay for it.
I would strongly disagree with this. Taxes would go up with fiscal bailouts, not directly with monetary bailouts. A huge amount of the bailout was via monetary policy -- i.e. "print money and buy bonds to drive bond prices up and rates down."
We all feel it in the form of asset bubbles. Some people benefit (asset holders) while others lose out (young people, those without assets, renters, fixed-income retirees with almost no yields on their 401ks.
Taxes are a very simplistic way of judging payment.