03-04-2016, 07:31 PM
(03-04-2016, 06:41 PM)JustWinBaby Wrote: 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.
My opinion on letting them fail is basically it would have hopefully had two effects. One, show the industry that practicing such risky behavior has consequences and two, would have lead to less concentration of money in so few banks.
