Well the facts are that they gave loans which are paying off when you look at the list. So the real “injustice” here is that the government went into the lending business and “stole profits” that otherwise would have stayed in the financial sector. Yet they only did so because the entire financial sector was devoid of liquidity to fix the situation. As for “what about schools!” And similar, well the investments in the financial sector which are now paying out can be used in these areas. Not going through with the bailout, putting all the money into the education system and watching as the entire country goes into a recession would not have procided eventual payouts that could be reinvested into the financial system down the line. When your house is on fire, you don’t gain anything from renovating the facade.
Well the facts are that they gave loans which are paying off when you look at the list. So the real “injustice” here is that the government went into the lending business and “stole profits” that otherwise would have stayed in the financial sector. Yet they only did so because the entire financial sector was devoid of liquidity to fix the situation. As for “what about schools!” And similar, well the investments in the financial sector which are now paying out can be used in these areas. Not going through with the bailout, putting all the money into the education system and watching as the entire country goes into a recession would not have procided eventual payouts that could be reinvested into the financial system down the line. When your house is on fire, you don’t gain anything from renovating the facade.