Augustus

Setting the Record Straight: Taxpayers Not Funding JP Morgan's Bear Buyout

Pretty artful way of explaining how the taxpayes will never miss getting the $2 Billion a year that they may otherwise get. I can agree that there has been little if any cost yet. And there may end up being a profit. The portfolio should be generating yields greater than the Fed Funds rate in any event so there could actually be a net income from holding these investments. However, trying to say that the taxpayer will not have any costs because any losses will just become "money not paid to the govt. and that is not a real cost" is simply deceptive logic.