Bailout Scorecard

john / March 31, 2009 / 2 comments

Who is getting the bank bailout money – CNNMoney.com. Wow, $10.5Trillion so far. $35,000 from each US citizen’s pocket. To pay for years of poor decision making, greedy decision making. F%^k.

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2 comments

  1. tspyz says:
    March 31, 2009 at 11:34 pm

    To be fair, a lot of this is loan guarantees that should hopefully never be required. (I know, polyannaism.) Of course, a bunch of this is also money that’s going to flow directly through CDS payouts into GS and various hedge funds.

  2. john says:
    March 31, 2009 at 11:52 pm

    Yes the flow through to other entities bugs me. I am a fan of bankruptcies so that all claimants can share in the failure of the business, rather than some getting full payments at the expense of taxpayers.

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