Banks did not repay a trillion dollars of bailout money by late 2010

Evidence

Moreover, we must remember that these secondary costs have not gone back to the banks as a bill to be paid for the damage caused. Certainly, a lot of the bailout money has been paid back in different countries, but again, as IMF figures show, the net cost still far outweighs the sums recovered. By late 2010, nearly a trillion dollars remained unrecovered by the states that bailed out their banks. To get a true handle on how much this all cost, however, you would have to factor in the costs of output foregone because of the crisis and add this to these figures. — Mark Blyth, Austerity, 138

Categorization

• XREF: connects to: The Day of Reckoning narrative collapsed when bankers were bailed out and prospered — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 468

Broader Connections

• The Day of Reckoning narrative collapsed when bankers were bailed out and prospered #complicates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 468