I can’t really bring myself to being okay with this...
If they bought crappy investments they should go after who they bought them from, not the US taxpayers.
These toxic assets weren’t sold like you would sell a car - they were sold with strings attached, which are now pulling. The assets were insured by the sellers against, for instance, fraud. Otherwise the British banks would not have brought them.
The toxic mortgage assets are legally-binding contracts, and the British banks read the fine print.
“I can’t really bring myself to being okay with this...
If they bought crappy investments they should go after who they bought them from, not the US taxpayers.”
The same goes for anybody who bought such investments.
the crappy investments amount to that spent of buying up the bad debt of a number of US banks. we have done that this year, at your behest to try and prop up your failing system.
that we can potentially get your money back is a great thing, if a little unexpected. how do you think we, the British taxpayer felt, when our banks were told to buy up your bad debt??
pretty much the same as you might be feeling now i would suggest.