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by cercatrova 1387 days ago
The US government made money from the 2008 bailout. I don't understand why people think it was free money to the banks. No, they were loans that were fully paid back with interest.
1 comments

This is fugazi concocted by the financial industry to mislead the public. The devastation they wrought on the economy and the consequences for ordinary people weren't fully captured by those loans. For example: the Fed's aggressive quantitative easing policy that had been in effect for more than a decade post 08.