Is it me or does this headline fall outside the laws of reason? What makes this even more damming is that the U.S. Treasury is using our tax dollars to fund future failures. Hank Paulson has committed at least $350B to this effort if you include the recently added $40B to AIG. To date AIG has been allocated $110B in Fed loans and $40B in bailout cash. With this type of economic policy coming from the Bush administration, is there any wonder why Barack Obama won in a landslide?
In 2008: 19 Banks Fail and 40 Banks Get $173 Billion
Published November 12, 2008 Uncategorized 2 CommentsTags: bailout, hank paulson
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