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thenewgreen  ·  3846 days ago  ·  link  ·    ·  parent  ·  post: GooBing Detroit

You are right, the banks definitely came out ahead in those negotiations and shame on the government for not holding them more accountable and setting up more stringent guidelines for how liquid the money must be. That said, the banks missed out on a lot of future earnings from businesses they helped nail the coffin on. Perhaps a bit shortsighted. Therefore, in my opinion the anger directed at them is not misplaced.