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Beautiful (lemmy.ml)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] Bye 1 points 9 months ago (3 children)

The bailouts were loans. The us govt got that money back.

Those banks should have been punished though, allowed to fail.

[–] [email protected] 1 points 9 months ago

Yes, the private sector did have enough capital to cover those loans. The public sector did it because it was a bad investment when you count opportunity cost.

[–] Ensign_Crab 1 points 9 months ago

They didn't know that they would get the money back at the time.

[–] [email protected] 1 points 9 months ago

Didn't the bailouts return less money with inflation though? We can't even give students less interest than inflation with student loans. If the tables were turned the banks wouldn't have taken less than 5% interest.