Re:Banks Paid $32.6B in Bonuses Amid U.S. Bailout (2009)
by justincormack on Monday February 09, 2015 @10:43AM
(#9021710)
Indeed there was no reason not to wipe out the equity holders of the banks as part of the deal, and take that as government upside.
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Re:Banks Paid $32.6B in Bonuses Amid U.S. Bailout (2009)
by rayiner on Monday February 09, 2015 @11:43AM
(#9022079)
When financial services is a huge part of your GDP, and your country depends on a steady flow of investor dollars to keep the economic engine running, yes, there's a lot of reason not to wipe out equity as part of the deal.