4 ms·
Banks got retarded amounts of taxpayer money because of "too big to fail"
by WhaleBiologist 14y ago
Banks got retarded amounts of taxpayer money because of "too big to fail"
- chris_wot 14y agoI appreciate you illustrating my point.
- arethuza 14y agoI don't think the banks got bailed out because of the impact of their employees suddenly being out of work, but because of the huge impact of not having a functioning banking sector would have on the wider economy and society in general.
- gawker 14y agoYou would probably lose more than just a few banks if they didn't get some sort of money. The financial markets need confidence to survive as well.