this post was submitted on 22 Dec 2024
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Just FYI of the bank bailouts in the US, the banks paid back the bailout plus interest back to the government. Meaning the govt actually made a profit off the bailout. There’s a lot of things wrong with both banks and the govt, but generally this is not one of them. https://www.propublica.org/article/the-bailout-was-11-years-ago-were-still-tracking-every-penny
Super interesting, learned something new today. Thanks!