5 ms·

How much did that 2008 bailout cost in terms of resources ? .... right.

• pjc50 9y ago
  Actual resources? Much less than you think. By and large the bailout was done by transferring liability to central banks. Much of the "money" involved was purely virtual, credit or credit guarantees of one form or another. The TARP was actually profitable: https://www.washingtonpost.com/business/economy/bailout-highly-profitable-for-taxpayers-when-you-look-at-the-right-numbers/2015/01/01/dc2a05a6-8fa5-11e4-a412-4b735edc7175_story.html https://www.washingtonpost.com/business/economy/bailout-high...
  • zMiller 9y ago
    Profitable to the US maybe .. but bless inflation exporting that took that burden and placed it on every thing (countries, assets,etc..) that are pegged to the USD.
    • polotics 9y ago
      Word! Everyone one hacker news should learn about inflation export/import. Sorry not yet in English: https://de.m.wikipedia.org/wiki/Importierte_Inflation https://de.m.wikipedia.org/wiki/Importierte_Inflation