Bailout Scorecard
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.
2 Replies to “Bailout Scorecard”
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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.
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.