In the news you hear a lot of popular anger in certain European countries because certain government “bailed out” the banks. I am not really up on the detail of every country, but apparently this was a really big deal and has cost the governments a lot of money. This has been getting more headlines recently about Ireland because they are coming up on (or had) an election.
Were these countries less successful at bailing out bank than the US? Where the US banks inherently in better condition than these European banks? The US bank bailout “TARP” is expected to recover 96-97% of its “bailout” fund ($25-28B loss out of $700B) . On many banks TARP made a profit. (Citigroup).
Why did things work out (relatively) well on the US side, and not so well in other countries in terms of bank bailouts?