Tue, 26 Feb 2013, 10:23am PST
But patrick, we had to bail out the 1%, and at such small costs, we should all be thankful,,,this was a bargain
Just imagine how much worse off everything would be right now, had we not saved the system?
Tue, 26 Feb 2013, 10:40am PST
That particular subsidy is in addition to $1T/year of QE, plus ZIRP, all to prop up the malefactors that bankrupted the institutions they had been entrusted to run. If you prop up the one group of people who have proven they can't run a bank, and keep them in charge of everything, it would be insane to expect better economic results. I liked the comments below the article, from people praising their local community banks, where they got better rates than at the TBTF banks.