dumb non-american here with an honest question: what is the good-faith explanation for why republicans who believe in the free market seem to be okay with corporate bailouts using taxpayer money? how do they reconcile that? or are they different sub-groups...?https://twitter.com/AllegedlyZo/status/1242985531119632385 …
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Presumably we'll see a similar setup here, though it's another 880-page bill that noone has actually readpic.twitter.com/gLcLcX2IXJ
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This ‘bailouts made money’ is pure fantasy. “TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.” Source: https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program …
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Mason said they made money, not that they made more money than a profit-maximising investment would've. Important point is not the profit but that they were loans & gov got the $ back. Many (including me til recently) don't know that, due to leftists framing them as giveaways.
End of conversation
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US government made money, but it was a terrible risk-adjusted return. Taxpayers took on all the risk and got negligible upside. I don’t understand why we don’t make these companies issue new/dilutive shares when writing these checks (commenting generally, not on Bernie).
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