> (in fact it made us money)
And caused a global recession along the way. The loan repayment interest didn't (and couldn't possibly) cover even a fraction of the backlash, which includes lives destroyed world-wide.
Externalities?
> (in fact it made us money)
And caused a global recession along the way. The loan repayment interest didn't (and couldn't possibly) cover even a fraction of the backlash, which includes lives destroyed world-wide.
Externalities?
Need to be clearer about "it" here: the crash caused the recession, not the bailout. The recession was inevitable because some of the growth was illusory, based on leveraged gains from house prices.
>And caused a global recession along the way.
They're talking about the bailout. I think the bailout came after the cause of the recession.