An FDIC bailout would have been cheaper than TARP given the amount of money in most people’s bank accounts.
For people with individual accounts worth over a quarter million? Tough titties. If you have so much cash it isn’t worth your time to use multiple accounts in case of FDIC bailouts, you clearly don’t need it.
Isn’t the banks failing how the Great Depression became significantly worse?
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The executives and board members were never punished and made millions.
This is capitalism working exactly as intended. These aren’t bugs, they are features.
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Because there was no FDIC.
An FDIC bailout would have been cheaper than TARP given the amount of money in most people’s bank accounts.
For people with individual accounts worth over a quarter million? Tough titties. If you have so much cash it isn’t worth your time to use multiple accounts in case of FDIC bailouts, you clearly don’t need it.