When you consider that the value of the loans exceeded the value of the
properties several times over, it becomes obvious why they did it. If
this sort of thing happens to people that are not politically powerful,
the results are less charitable.
bp
<part15sbs{at}gmail{dot}com>
On 8/26/2017 11:58 AM, Adam Moffett wrote:
It's not clear to me why the bailout here happened the way it did. It
seems like if the banks failed due to lending money that had no chance
of being paid back, why did the bailout require more money than the
value of all the loans? I'm not well informed on the topic, but the
things I heard never added up to a clear picture.
