this post was submitted on 12 Jan 2024

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[–] Bye@lemmy.world 0 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.

[–] Ensign_Crab@lemmy.world 1 points 10 months ago

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

[–] explodicle@local106.com 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.