banks in general are responsible cuz they can't afford to lose money

Unless they get bailouts

yes thats the issue

if the state covers them they can be reckless

Too big to fail is a scam

It's not a scam, it just means they're too big. If they're too big to fail they should be broken up.

It means they get bailed out on the taxpayer's dime when they fail

tehn tehy didnt fail did they XD if they got bailed out

Well if they didn't fail where did the money go?

they failed, and in order to not cause so much chaos, the government uses tax money to cover the losses so the company can try again

yeah bullshit liek if it was a gouvt intisution

You can always fail

You cannot be too big to fail

Most of the banks that were "too big to fail", and investment companies? Yeah, they had to get bailed out.

Mostly because they had all of the retirement funds for the government employees

So of course they too OTHER people's money to save their money

As much as i dont like bail outs

They do have to pay back the money

YEAH woudlt want them defaulting on all the loans they gave out

I mean the bailout, the bailout was a low-interest loan.

the gouvt woudl essentially turn into a communist regeime with all teh buisnesses theyd own from collecting that defaulted debt

the problem is that it encourages risky behavior

What Lastson said

yeah for real,, risky buisness

Yes, like i said, i still really dont like it.

If theyk now they're just gonna be bailed out if they fuck up, they can just take any risk, no loss

you can't subsidise reckless behavioru and hope people get more responsible

Just want to disspell the conception that it was money just tossed at them.

tbh, the bailout should be both refunded AND come with interest given back to the people

for the banks screwups

wasn't there slight interest on it?

not good enough, I want free money! 😛

It does have interest, (Quite low though, 1-2% a year, only equalizes inflation)

I don't think it was enough interest to even mitigate inflation

Did it equalize it?

It was a little under inflation in practice i think

ok

I thought it was still in the negative, just slightly

but I'd need to go through all that shit

Regardless

irregardless