Y
Hacker News
new
|
ask
|
show
|
jobs
by
WhaleBiologist
4890 days ago
Banks got retarded amounts of taxpayer money because of "too big to fail"
3 comments
arethuza
4890 days ago
I don't think the banks got bailed out because of the impact of their employees suddenly being out of work, but because of the huge impact of not having a functioning banking sector would have on the wider economy and society in general.
link
gawker
4890 days ago
You would probably lose more than just a few banks if they didn't get some sort of money. The financial markets need confidence to survive as well.
link
chris_wot
4890 days ago
I appreciate you illustrating my point.
link