The reason for the bailouts was to avoid mass unemployment and mass foreclosures... | Hacker News

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		gwbas1c on Feb 11, 2021 \| parent \| context \| favorite \| on: America's 1% Has Taken $50T From the Bottom 90% The reason for the bailouts was to avoid mass unemployment and mass foreclosures. These would have happened had major automakers or major banks went bankrupt.

gowld on Feb 11, 2021 [–]

Giving the money to the employees in a much cheaper way to avoid unemployment. Temporarily banning foreclosure is an easier way to avoid foreclosures.

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