Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> hadn't it been resolved by investing hundreds of billions of taxpayer dollars, would've tanked the global economy

First off, it was trillions AFAIK.

Secondly, the impact of the bailout on the global economy is still playing out:

http://www.tradingeconomics.com/united-states/money-supply-m...

While I'm agreeing with you, I'd go further to say that the impact of socializing the fraudulent losses of these firms simply has yet to be felt.



I was trying to qualify my statement as much as possible so I wouldn't get accused of using hyperbole for effect. But yes, what you said.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: