this post was submitted on 05 Jan 2024
1053 points (95.9% liked)
memes
10285 readers
2302 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's what they did in my country when a bunch of the big banks almost keeled over in 2008/2009. They were temporarily (partly) owned by the state and eventually bought back their rights to operate as a separate business when things were going better again.
That's actually what the US government did with at least one of our failed companies as well, General Motors.
Should've done it to all the banks and house loan companies too imo.
They also gave GM a 45 billion dollar stock swap and GM never paid it back. They paid back the loan but not the stock swap. Every time I hear people brag about how the government saved GM I wonder what amazing things any company could do with not only 45 billion to play with but the government ensuring that no one could take them down for a year.
Give me 45 billion and the full faith and credit of uncle sam, I will create so many jobs.