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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (471478)4/14/2009 7:52:16 AM
From: Brumar89  Read Replies (1) of 1575421
 
Well, depositors were certainly "bailed out". Reading that we learn more than 700 institutions failed and that:

the total bill included $87.9 billion spent by the Resolution Trust Corporation, the agency set up by Congress in 1989 to sell the assets of failed institutions, and $64.7 billion spent by the Federal Savings and Loan Insurance Corporation, which guaranteed deposits.

It also included $7.5 billion in tax benefits granted to healthy savings institutions that acquired ailing savings and loans.

It doesn't look as if troubled institutions were "bailed out". Depositors sure. They were insured. Assets were sold off and some healthy institutions got a tax break for acquiring failed institutions.

Seems like a different situation from injecting capital into institutions to keep them from failing.
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