03-04-2016, 06:41 PM
(03-04-2016, 06:35 PM)Yojimbo Wrote: I think we should have let the banks fail and spent the bailout money on paying out those retirements.
You do realize the taxpayer made a profit on the bailouts? Everything was paid back, with interest, although I'm not sure if Fannie technically has.
Only thing the taxpayer lost money on was the autobailouts, but probably not if you factor in the unemployment and pension obligations we'd be on the hook for without it.
And two major investment banks WERE allowed to fail - people seem to forget that both Lehman and Bear Stearns went bye-bye before we had a global financial crisis requiring the bailouts.
