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.
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