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by nopenotthatway 2329 days ago
The fed got majority of the banks when it bailed them out, and all executives where on a leash, and getting paid less until it was all back to normal.

In fact, the fed ended up turning profit, as the banks healed, and the fed sold its part.

those "owners" got their assets froze until the situation became under control, and the fed got its money back.

All these complaints about savings big banks are just extremist (both commies and libertarians complain about it) FUD. If banks were not saved, the economy, the middle class and the poor would be far worse.

and as grandparent said

>Shareholders took huge losses in the bank “bail-outs” in 2008

Shareholders are by definition "who owns". Sure there are both Billionaires and middle-class shareholders, but if you have a bigger % of shares, you have a bigger loss.

1 comments

The amount of subsidies given to farmers to offset the tariff wars with China are said to eclipse the amount given to bail out the banks. Do you think the Fed will ever see a similar return on investment from agriculture?