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Enduring Mockery of the Term “Bailout”

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2 Responses

  1. Brett Bellmore says:

    Does anyone who’s been paying attention actually think AIG was “bailed out”, rather than being used as a conduit to covertly bail out other companies? Or, rather, the management of other companies, as you’re quite correct that the owners, the shareholders, took a bath.

    From an economic perspective, the bailouts didn’t make much sense, but if viewed as a way of laundering federal funds into eventual campaign donations, it did work.

  2. Shag from Brookline says:

    I have serious reservations on Brett’s economic chops, but this:

    ” .. but if viewed as a way of laundering federal funds into eventual campaign donations, it did work.”

    it should be remembered, took place in 2008 during the Bush/Cheney waning days of the Great Recession that resulted from their 8-year reign that rained on and reined in America’s economy. Perhaps Brett has data demonstrating the recipients of those donations that he might identify.

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