> The banks were bailed out; hardly any bankers on either side of the Atlantic were prosecuted for their crimes; and the price of their behaviour was duly paid by the taxpayer.
Banks paid back everything borrowed to them:
> "Barack Obama says banks paid back all the federal bailout money". Not all of the banks who received TARP money have repaid the loans. In fact, 400-plus banks are still on the government’s red list -- more than have completed the payments -- and, according to the GAO, some may never pay the money back. But, the fact remains, due to interest, dividends and other revenue streams, the government has received more money back ($266.7 billion, according to the Treasury) than it handed out to banks under the bailout law ($245.2 billion). We rate this claim Mostly True. [0]
Furthermore:
> U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior. [1]
How did neoliberalism survive post-financial crisis? Politicians discovered that they can just hit up banks for tens of billions of dollars in fees and use the proceeds in any way they want:
> Yet some of the biggest chunks of money stayed with the entity that levied the fines in the first place. Of $109.96 billion of federal fines related to the housing crisis since 2010, roughly $50 billion ended up with the U.S. government with little disclosure of what happened next, according to a Wall Street Journal analysis.
Yes, bailouts are bad, but let's not pretend like politicians are not complicit in promoting this type of crony capitalism.
3 comments
[ 2.3 ms ] story [ 14.3 ms ] threadhomo oeconomicus => RREEMM (?!)
> https://de.m.wikipedia.org/wiki/RREEMM
The "Resourceful-Restricted-Evaluating-Expecting-Maximizing-Man"
(sry, no wiki entry in English found)
---[ironic]---
Or Trump gets elected and builds an CIA-funded
orbital Railgun to stop the "global earth-warming,
toxic pollution and overpopulation" wink
- so his friends must not be any longer affraid
of radioactive-radiation during their Holiday flights.
hm Maybe 14 days before the first test-
shootings we will find ourselfes bubbled in
news/media-storys about "Meteorites" wich
could hit earth... [Inspired by a James Bond story]
And after that the media-story's tell:
"No, that was an Meteorid" smiles
(-;
Banks paid back everything borrowed to them:
> "Barack Obama says banks paid back all the federal bailout money". Not all of the banks who received TARP money have repaid the loans. In fact, 400-plus banks are still on the government’s red list -- more than have completed the payments -- and, according to the GAO, some may never pay the money back. But, the fact remains, due to interest, dividends and other revenue streams, the government has received more money back ($266.7 billion, according to the Treasury) than it handed out to banks under the bailout law ($245.2 billion). We rate this claim Mostly True. [0]
Furthermore:
> U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior. [1]
How did neoliberalism survive post-financial crisis? Politicians discovered that they can just hit up banks for tens of billions of dollars in fees and use the proceeds in any way they want:
> Yet some of the biggest chunks of money stayed with the entity that levied the fines in the first place. Of $109.96 billion of federal fines related to the housing crisis since 2010, roughly $50 billion ended up with the U.S. government with little disclosure of what happened next, according to a Wall Street Journal analysis.
Yes, bailouts are bad, but let's not pretend like politicians are not complicit in promoting this type of crony capitalism.
[0] http://www.politifact.com/new-hampshire/statements/2012/oct/...
[1] http://www.cnbc.com/2015/10/30/misbehaving-banks-have-now-pa...
[2] http://www.wsj.com/articles/big-banks-paid-110-billionin-mor...
politicians around had a saying/paradigm/thinking/... that:
"Newer generations may profit in investments of earlier generations,"
"and therefore they have to carry a certain degree of debt to participate..."
"...on the funding."
What may be a cause for todays situation.
But as long as "updates" are available.... (-;
edited: spelling/formatting/...
Btw: Yes a railgun in space (at a special point between moon and earth - better to defend))
And Mr.Trump told something about work and bringing back mining (earth as a "test field" for stellar-mining)
And yes, for future space traveling and colonization ^^
[weekendmodus:off]