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minus-squareBye@lemmy.worldlinkfedilinkarrow-up6arrow-down5·10 months agoThe bailouts were loans. The us govt got that money back. Those banks should have been punished though, allowed to fail.
minus-squareexplodicle@local106.comlinkfedilinkEnglisharrow-up1·10 months agoYes, 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.
minus-squareEnsign_Crab@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·10 months agoThey didn’t know that they would get the money back at the time.
The bailouts were loans. The us govt got that money back.
Those banks should have been punished though, allowed to fail.
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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.
They didn’t know that they would get the money back at the time.