“The $700 billion bailout will ultimately cost taxpayers billions of dollars, but the government stands to lose much more than the money it’s pouring into companies. Neil Barofsky, special inspector general for Treasury’s financial sector rescue, wrote in a report released Wednesday that the bailout has several hidden costs.” (CNN Money, Wednesday)
Anyone see that coming?
FEE Timely Classic
“The Financial Bailouts: ‘See the Needle and the Damage Done’” by Lawrence H. White