Quote:
Originally Posted by 11beatsperminute
Yo Twitty, basically the bank bailouts were just national governments giving the banks money by buying stocks of the banks, confirm/deny?
it depends which gov't your talking about and which banks--some nationalized (cash for large % stock ownership of company), some gov'ts bought "toxic assets" in exchange for cash to the banks, some simply guaranteed a certain amount of losses (especially if failing bank was bought out by a bigger bank) and some were simply lent cash at low low low interest rates. most were probably a blend of the options