7 ms·
How is that any different?
by boboblong 14y ago
How is that any different?
- daeken 14y agoIf they were bailed out, that would mean the company was in a risky financial position and needed assistance from the government. What happened with GS was that AIG owed them money (legitimately), and AIG was bailed out. The reason AIG needed to be bailed out (in part) was that they owed a lot of money to a lot of people; when that went through, they paid their creditors. Claiming that GS was bailed out is like claiming that Microsoft was bailed out -- AIG gave them money after the bailout too, I'm sure.