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FBaggins

(28,613 posts)

6. Because that couldn't work the same way

Sun Sep 9, 2018, 07:06 AM

Sep 2018

The bailouts weren’t just handouts of cash to needy corporations. They injected capital in exchange for ownership in the company they were bailing out... then later they took the capital back with a profit. Since the bailout ensured a return to profitability for most of them, the government had the power (that other investors lack) to know that their “investment” would be repaid.

The same couldn’t work for individuals. Or rather, just getting rid of some of the debt wouldn’t have the same effect.

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A decade after the financial crisis, many Americans are still struggling to recover [View all] Demovictory9 Sep 2018 OP

But the Dow is at a new high, so who cares about them? ck4829 Sep 2018 #1

Do you see what happened here? Drahthaardogs Sep 2018 #2

Much of that borrowing is unlikely now FBaggins Sep 2018 #5

You are right to a degree Drahthaardogs Sep 2018 #7

No response to that last paragraph... jaw still hanging FBaggins Sep 2018 #8

The wealthiest are a disgusting scourge on America. democratisphere Sep 2018 #3

I always wondered why the bailout of the banks didn't include a little bailout of the people Vinca Sep 2018 #4

Because that couldn't work the same way FBaggins Sep 2018 #6

That is an excellent idea. Blue_true Sep 2018 #13

The banks repaid all the money back to the government MichMan Sep 2018 #17

throw in the loss of real estate value that has not rebounded in many areas of the US beachbum bob Sep 2018 #9

In some parts of the country $200,000 hh income is not wealthy. honest.abe Sep 2018 #10

Wow, I think his fiance did him a favor MichMan Sep 2018 #11

I noticed that too. Blue_true Sep 2018 #14

Absolutely true. ZeroSomeBrains Sep 2018 #12

Another good idea. Blue_true Sep 2018 #15

Both student loan and medical debt ZeroSomeBrains Sep 2018 #16