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Fed Overpays $78B For Stocks

submitted by Duckman33

1 decade 5 years 4 months 3 weeks ago

The TARP Congressional Oversight Panel reviewed bailout money the Federal Government gave to banks and found that it overpaid by $78 billion. Priya David reports.

3 Comments

Sagemind

says...

Crooks...,
Hey, I know..., stop giving the government your money.
They're just giving it to the next guy for free anyway!

Krupo

says...

Um... yeah... that's the idea, they were bailing them out with money for assets that were falling in value.... that *is* the nature of a bailout. How is this surprising? Not saying it's a Good Thing. Wait, Warren even knows this - "that could be the policy." That means Paulson *lies - why won't she just say "yes" to the question? Silly panel.

How is anyone not surprised this was essentially a subsidy??? Oh, because they didn't call it that? Fair enough. I'm still not shocked though - good call on the terrible tag because this is an idiotic piece of reporting.

Yes, Americans do have a voice... anyone notice that new guy in the White House?

OMG is the early show geared towards simplistic idiots or something?