> The cost of bailing out several of the big "banks" was approximately nothing because they paid back their loans with interest.
The "cost" was the risk assumed by the taxpayers.
The "cost" was the risk assumed by the taxpayers.
PS: The actual cost estimate of the bailut was probably upto 10% of the amount of money loaned. It's quite possible we will make money from this at which point talking about the cost based on the total loan amount would be silly.
The opportunity cost was enormous. The bailouts were a disaster for American capitalism. We now have a huge tattoo that reads "WARNING: Crony Capitalist Country. Proceed with caution".
Don't ignore the very difficult to quantify effects of the bailouts on the credit markets. The whole lesson will surely make the US a less credit worthy market and raise more questions about the dollar.