Jlivermoor

How Bernanke Stunned Congress with the Truth

As for costing the taxpayer, it is more likely that the Federal reserve will make money on the deal. The government MADE money on the Chrysler bail out, The RTC trust from the S&L Crisis in 1990 MADE money in the end. Taking over 80% of AIG just to LOAN 85 billion and then get it back is in fact high stakes loan sharking. The term "bailout" is hugely inaccurate, just ask shareholders of Bear Stearns, Fannie Mae, Lehman Brothers, etc,..........but it makes for good headlines for main stream media to whoop up ignorance in the heartland