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Real talk: why did taxpayers allow the government to bail out banks in 2008
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Date: May 30th, 2017 9:41 PM Author: Talented vermilion juggernaut dysfunction (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432534) |
Date: May 30th, 2017 9:42 PM Author: odious codepig They were too big too fail (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432538) |
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Date: May 30th, 2017 9:43 PM Author: Cobalt stain circlehead Monopoly money man
Nobody cared, everyone has their taxes auto dinged from their wagecuck W2 salary and the Feds borrowed the rest
If the gummint physically came door to door like feudal England then fat assmos might have gotten off the couch and resisted but ARE SYSTEM rewards complacency |
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Date: May 31st, 2017 9:36 AM Author: adventurous ceo anybody who resists is called a "neckbeard" by twitter libs and blackballed from society (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435674) |
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Date: May 30th, 2017 9:43 PM Author: appetizing site sneaky criminal http://projects.propublica.org/bailout/
govt ended up making money off it
of course not every single bank paid back every single cent with interest/dividends but as a whole, govt made money off tarp to banks |
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Date: May 30th, 2017 9:48 PM Author: blue gaping Yep. No one realizes this. The auto bailouts were probably the worst of the investments. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432587) |
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Date: May 30th, 2017 10:09 PM Author: Ultramarine market doctorate when you control the printing press you cannot possibly have lost money buying boatloads of financial assets. the government would have made even more money if they nationalized the banks and then cranked up the printing press 10x (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432797) |
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Date: May 30th, 2017 10:11 PM Author: Narrow-minded copper shitlib nursing home risk-adjusted the government got a crap deal. uncle sam should've at least doubled its investment, not break a little bit over even. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432808) |
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Date: May 30th, 2017 10:12 PM Author: appetizing site sneaky criminal who cares if they got a crap deal or not. they're not a corp out to max revenue. impression normal americans have that banks got away with tons of free $$$$ is just wrong though. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432820) |
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Date: May 30th, 2017 10:13 PM Author: Ultramarine market doctorate it wasn't "the banks" that got away with free money, it was the debt and equity holders that did (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432838) |
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Date: May 30th, 2017 10:15 PM Author: Narrow-minded copper shitlib nursing home mostly the debt holders (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432865) |
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Date: May 30th, 2017 10:16 PM Author: Ultramarine market doctorate of course. debt market magnitudes larger (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432872) |
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Date: May 30th, 2017 10:28 PM Author: indigo hyperactive philosopher-king digit ratio No. In many banks, equity went to nearly zero. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432990) |
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Date: May 30th, 2017 10:17 PM Author: Carnelian territorial stage internal respiration so in other words pension funds and shit holding taxpayers money. oh noes!!! (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432881) |
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Date: May 30th, 2017 10:31 PM Author: amethyst locus Yeah bro, I'd love it if the government props up my failing businesses too after I make dumb mistakes. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433027) |
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Date: May 31st, 2017 8:13 PM Author: aromatic lime faggot firefighter wrinkle you had the bigwigs taking multi million dollar bonuses at the same time they were saying we broke, we need help (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33440998) |
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Date: May 30th, 2017 9:44 PM Author: thriller crimson stead roommate Fraud by Timothy O'Geither and Hank O'Paulson (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432551) |
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Date: May 30th, 2017 9:44 PM Author: violent blathering field double fault Meh, we borrowed that money from our grandkids anyways (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432560) |
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Date: May 30th, 2017 9:49 PM Author: impertinent startled plaza americans are huge pussies (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432593) |
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Date: May 30th, 2017 9:53 PM Author: Awkward alpha love of her life you think they had a choice, let alone know what was going on? (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432642) |
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Date: May 30th, 2017 9:54 PM Author: beta citrine school that was probably the one event that really showed that neoliberals and neocons are different shades of the same party (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432648) |
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Date: May 30th, 2017 10:25 PM Author: amethyst locus (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432953) |
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Date: May 30th, 2017 10:03 PM Author: Carnelian territorial stage internal respiration Uncle Sam made money on the "bailout." (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432738) |
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Date: May 30th, 2017 10:11 PM Author: Ultramarine market doctorate the government should start their own LBO fund (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432809) |
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Date: May 30th, 2017 10:11 PM Author: ruby judgmental mental disorder temple banksters to taxpayers: FUCK U GON DO ABOUT IT FGT
one year later: Bitcoin whitepaper |
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Date: May 31st, 2017 9:35 AM Author: racy chocolate tanning salon (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435668) |
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Date: May 31st, 2017 9:37 AM Author: adventurous ceo (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435685) |
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Date: May 30th, 2017 10:12 PM Author: twinkling useless brakes who cares
the fact that an income tax even exists in the first place just shows how cucky and faggoty everyone is
and that was implemented nearly a century before the crash--back when everyone in america was a gritty character in a cormac mccarthy novel instead of in 2008 with a country full of people fat and retarded from eating food saturated with government subsidized sugar who can just ignore everything and hide by firing up the xbox taking some antidepressants and drinking soda pop laced with testicle shrinker. considering how cucky things are getting, the government will probably start harvesting our organs and selling them to the chinese to bail out the next crash. |
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Date: May 30th, 2017 10:15 PM Author: Bat shit crazy frozen selfie (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432856) |
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Date: May 30th, 2017 10:17 PM Author: maniacal immigrant (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432880) |
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Date: May 30th, 2017 11:11 PM Author: useless coiffed fortuitous meteor institution (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433531) |
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Date: May 30th, 2017 11:12 PM Author: Carnelian territorial stage internal respiration (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433548) |
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Date: May 30th, 2017 10:13 PM Author: Ultramarine market doctorate the government could have waited til all bank equity went to 0 then bought the debt for pennies. then this "but they made money durrr" argument might hold water (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432829) |
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Date: May 30th, 2017 10:19 PM Author: Carnelian territorial stage internal respiration it's not "they made money hurr durr" it's that they both staved off economic collapse AND made money. the "hurr durr" argument is WHY DIDNT THEY BAIL OUT HOMEOWNERS HURR DURR when that would have for sure led to the government losing money. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432897) |
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Date: May 30th, 2017 10:21 PM Author: Ultramarine market doctorate print enough money and even buying 20% stakes in underwater mortgages could have "made money" (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432909) |
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Date: May 30th, 2017 10:22 PM Author: Carnelian territorial stage internal respiration yes, and it would have led to way more problems than printing a more limited amount of money and "bailing out" the banks. so I guess we're back where we started. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432915) |
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Date: May 30th, 2017 10:24 PM Author: Ultramarine market doctorate let the banks fail and suffer 2-5 year depression and by now we'd be in much better shape (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432939) |
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Date: May 30th, 2017 10:32 PM Author: Carnelian territorial stage internal respiration (FDR plunging the country into deeper depression) (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433047) |
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Date: May 30th, 2017 10:14 PM Author: Narrow-minded copper shitlib nursing home it was unfortunately necessary. look at what happened when bernanke and paulson allowed lehman to fail. the economy almost died. repo lending disappeared, there was a run on money market funds, and lots of sound companies were looking at bankruptcy due to illiquidity within a few months. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432844) |
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Date: May 31st, 2017 9:58 AM Author: vengeful cuckold "repo lending disappeared, there was a run on money market funds"
What does that mean? |
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Date: May 31st, 2017 8:09 PM Author: misunderstood piazza striped hyena He's a clueless chink retard (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33440970) |
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Date: May 30th, 2017 10:25 PM Author: Overrated dragon LJL at allowed. The elites would have mowed down the proles if they tried to stop it. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432960) |
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Date: May 30th, 2017 10:31 PM Author: amethyst locus (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433032) |
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Date: May 30th, 2017 10:26 PM Author: Indecent public bath They never truly had a say (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33432967) |
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Date: May 30th, 2017 10:30 PM Author: amethyst locus It was not necessary and has created immense moral hazard within our economy. Private profits, socialized losses. This is no way to run capitalism. The banks should have been allowed to fail. FDIC could have easily made savers whole. Who gives a shiat about the investors or bond holders. That's the risk you take.
Oh and the government made money argument - LJL. This is basically GC talk. Everytime a good goyim utters this, Ben Bernanke literally goes hehe. It doesn't matter what he is doing. He could be sleeping or perhaps in the middle of a meeting. Any time you faggots write this, he goes "hehe." |
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Date: May 30th, 2017 10:32 PM Author: beta citrine school (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433048) |
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Date: May 30th, 2017 10:46 PM Author: blue gaping "FDIC could have easily made savers whole."
No it couldn't. They don't have $4 trillion lying around to make savers whole. And lol at your casual, "so what if the banks fail!?" |
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Date: May 30th, 2017 11:03 PM Author: beta citrine school *cue George Bailey speech* (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433409) |
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Date: May 30th, 2017 11:48 PM Author: Demanding garrison hissy fit Protip: they didn't have a bunch of money lying around for the bailouts either. They print the money so they can do whatever the fuck they choose. And they chose to prop up a corrupt, failed system. Almost certainly because the decision makers were also a product of that system. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33434069) |
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Date: May 31st, 2017 12:32 AM Author: amethyst locus So they print. Which is exactly what they did. But gave it to bankers. You parrot whatever GC has told you to. Just try to use your brain once in a while. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33434486) |
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Date: May 31st, 2017 9:38 AM Author: sticky den most derivative exposure was with institutional trading entities that don't take deposits from retail bank acct holders (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435693) |
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Date: May 31st, 2017 8:20 PM Author: aromatic lime faggot firefighter wrinkle i doubt $4t was legit savings. cite? (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33441063) |
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Date: May 30th, 2017 11:20 PM Author: twinkling useless brakes (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433716) |
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Date: May 31st, 2017 12:01 AM Author: Titillating Shaky Background Story CR. merchant banks should go back to being small to medium private partnerships where managers bear the brunt of their losses. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33434198) |
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Date: May 31st, 2017 9:37 AM Author: sticky den Not disagreeing with you, but this was their mentality with Bear and Lehman then they saw the consequences of that and thought about AIG, etc. following suit and had a Ho Lee Fuck moment (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435682) |
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Date: May 31st, 2017 8:09 PM Author: misunderstood piazza striped hyena (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33440968) |
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Date: May 31st, 2017 8:18 PM Author: aromatic lime faggot firefighter wrinkle good post. if everyman can file for bk, why not megarichman. |
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Date: May 31st, 2017 8:18 PM Author: Drab address (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33441043) |
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Date: May 30th, 2017 10:34 PM Author: drunken affirmative action The financial system would have completely collapsed and the already deep recession would have hit Great Depression tier. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433067) |
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Date: May 30th, 2017 10:38 PM Author: amethyst locus Ironically the niggers spouting arguments like "there was no choice" is one of the best arguments for crypto.
USD (or any central bank currency) is essentially a tool for the elites to stay on top. No government can resist printing for the benefit of their own elites. |
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Date: May 30th, 2017 10:41 PM Author: Bisexual Swollen Hell We told them not too and they actually voted against the bailout. Then our (Boomers) 401ks tanked and we (Boomers) said okay, fine. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33433127) |
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Date: May 31st, 2017 9:32 AM Author: Laughsome lettuce nowag I don't recall anyone asking me (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435648) |
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Date: May 31st, 2017 9:45 AM Author: adventurous ceo there would have been a complete class overhaul if banks were allowed to fail and a massive global depression hit. Boomers would literally have died off by the millions and a more equitable society would have staggered from the ashes. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435740) |
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Date: May 31st, 2017 9:51 AM Author: domesticated pisswyrm Instead we got banks still too big to fail, but now featuring chicks with dicks (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33435783) |
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Date: May 31st, 2017 7:54 PM Author: Razzmatazz Blood Rage this is a solid summary of the past decade (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33440859) |
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Date: May 31st, 2017 8:25 PM Author: sticky den thanks occupy wall st! (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33441112) |
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Date: May 31st, 2017 7:45 PM Author: Supple deep gas station milk I would have been okay with the bailout if somewhere between the top 1,000 to 2,000 bank executives all agreed to plead guilty to a felony count of fraud, serve a 3 year sentence, and forfeit their personal wealth. (http://www.autoadmit.com/thread.php?thread_id=3631232&forum_id=2#33440774) |