Well from 2009-2013, the US government spent $18.3 trillion in total. Do you really think that half of that went to banks, instead of old people and soldiers?
Saying the bailouts cost $9T is like saying that the derivative market is measured in trillions of trade a day—yes, that’s the face value, but it’s not the actual amount of cash trading hands, any more than the travel insurance I bought today with $10M of coverage is a $10M contract.
Well from 2009-2013, the US government spent $18.3 trillion in total. Do you really think that half of that went to banks, instead of old people and soldiers?
Saying the bailouts cost $9T is like saying that the derivative market is measured in trillions of trade a day—yes, that’s the face value, but it’s not the actual amount of cash trading hands, any more than the travel insurance I bought today with $10M of coverage is a $10M contract.