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hluska • yesterday at 2:17 PM • 1 reply • view on HN

You’re likely thinking about TARP:

https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

TARP delivered a $15.3B surplus on $426.4B invested for a roughly 3.5% return.


Replies

samudrijan • yesterday at 3:19 PM

And perpetuated the system. Iceland meanwhile let their banks fail,sent bankers to jail, took the medicine and came out stronger.

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