I would add, it's just hilarious to see so many claim "it's not a bailout because shareholders were wiped out!" Everyone knows bailouts are bad, and that people shouldn't rely on them. But they want their money, so of course _their_ protection isn't a "bailout". It's just . . . depositors made whole!
Yah. A "bailout" is any injection that makes whole any interested party facing losses. As in "The depositors were bailed out".
The hypocrisy around this is really disappointing.
Yah. A "bailout" is any injection that makes whole any interested party facing losses. As in "The depositors were bailed out".
The hypocrisy around this is really disappointing.