No. of Recommendations: 2
Yes, they've taken money from depositors and bond holders in order to "fix" the banks. But how is that any different from the US imposing near zero interest rates on bank depositors and bond holders in order to finance printing money to bail out US banks? The little guys, the working guys always get screwed, so what's new.

In both situations, depositors/bond holders will have to seek other venues for higher returns on their investment dollars. The goal in the U.S. was ostensibly not to fix the banks but to fix the economy in general.

The practical reality is Owebama the Incompetent resides over the most sluggish "recovery" in U.S. history. We likely would've been out of the rough by now had not the government "fixed" the banks.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.