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To: Toddsterpatriot; Wolfie
The bank bailout was profitable

The banks and investment firms certainly made a killing, thanks to tax dollars. Does this mean that you're all in favor of losses being subsidized by taxpayers as long as Wall Street speculators are at the receiving end?

A lot of people have a strange thought process when it comes to these things. If some left-wing politician suggested that taxpayers bail out failing garages or grocery stores across the country, most Republicans would (rightly) condemn that as socialist micro-management of the economy by the state. Apply the same essential policy to Wall Street and suddenly it becomes sound "conservatism".

32 posted on 07/22/2016 7:25:48 AM PDT by ek_hornbeck
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To: ek_hornbeck
Does this mean that you're all in favor of losses being subsidized by taxpayers

The taxpayers didn't spend a dime to cover bank losses. The TARP bailout was repaid, the US Treasury made a profit.

34 posted on 07/22/2016 7:28:11 AM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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