[MonkeyClub]

> (in fact it made us money)

And caused a global recession along the way. The loan repayment interest didn't (and couldn't possibly) cover even a fraction of the backlash, which includes lives destroyed world-wide.

Externalities?

[pjc50]

Need to be clearer about "it" here: the crash caused the recession, not the bailout. The recession was inevitable because some of the growth was illusory, based on leveraged gains from house prices.

[duxup]

>And caused a global recession along the way.

They're talking about the bailout. I think the bailout came after the cause of the recession.