4 ms·

If true (I want to investigate more), this kinda blows my mind. I haven't heard this from either side, and you would expect someone would bring it up at some po

If true (I want to investigate more), this kinda blows my mind. I haven't heard this from either side, and you would expect someone would bring it up at some point. I've always been against the bailout, partly due to the cost, but given how much we spend on the most ridiculous of endeavors, $24 billion hardly seems a drop in the bucket. I still am not in favor of the bailout because of moral hazard, but that's a discussion for another time. Thanks for this!

bmelton 14y ago
Having seen only bits of the information in the wild, I was also impressed to see the GP's summary there. I had already known that many of the banks that received bailout funds had already repaid it, but (as the GP mentions) for many of the smaller banks, but I didn't know that the initial outlay came down to as little as $431 billion.
- 001sky 14y ago
  Have you counted what is on the Fed balance sheet?