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Beautiful (lemmy.ml)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 10 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 10 months ago

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

[–] [email protected] 1 points 10 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.