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Saturday, December 31, 2011

TARP bailout -- good or bad?

Erin Burnett's statement to an occupy Wall Street Protester that taxpayers had profited from the bank bailout caused me to look up the matter.  I found this article in Fortune (July 8, 2011), which goes through some numbers that seem to show that the Fed did make tens of billions of dollars of profit on the bailout, which was in any event necessary.  Gotta go now; stay tuned.

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